JAKARTA – Shares of listed banking companies once again underpinned the performance of the Jakarta Composite Index (IHSG), drawing in nearly IDR 3 trillion in foreign funds.

During trading on Wednesday (14/5), the IHSG rose by 2.15% or 147.08 points to close at 6,979.88. This marked the highest intraday gain since 10 April 2025.

Four stocks were the main drivers behind the index’s rally: PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Central Asia Tbk (BBCA), and PT Bank Negara Indonesia (Persero) Tbk (BBNI).

BBRI shares climbed 6.51%, contributing 38.22 index points. BMRI shares rose 5.87%, adding 24.65 points. BBCA gained 3.06%, pushing the index up by 18.73 points, while BBNI rose 6.59%, contributing 11.82 points.

These heavyweight banking stocks also attracted a significant net foreign buy, totalling IDR 2.76 trillion.

That figure represents 97% of the total net foreign buy recorded during Wednesday’s trading session across all stocks.

Despite Wednesday’s rally, the IHSG remains down 1.41% year-to-date. (KR/ZH)