Foreign Investors Continue Selling Indonesian Banking Stocks

Significant Sell-Off in Major Banks

Foreign investors continued their selling spree on Indonesian banking stocks on November 13, 2025. PT Bank Central Asia Tbk (BBCA) was the most affected, with shares worth Rp110.41 billion being sold. This selling pressure led to a 1.47% decline in BBCA's stock price, closing at Rp8,375 per share. For the year-to-date, BBCA's stock has decreased by 13.44%.

Other Banks Affected by Foreign Selling

Other major banks also faced significant sell-offs. PT Bank Mandiri (Persero) Tbk (BMRI) saw Rp30.89 billion worth of shares sold, causing its stock price to drop by 1.26% to Rp4,700 per share. BMRI's year-to-date performance has been negative, with a decline of 17.54%.

Digital Banks Show Resilience

In contrast, some digital banks showed remarkable resilience despite foreign selling pressure. PT Bank Neo Commerce Tbk (BBYB) saw its shares sold worth Rp7.88 billion, yet its stock price surged by 13.24% to Rp77 per share. Similarly, PT Bank Jago Tbk (ARTO) faced selling worth Rp3.36 billion but managed to record a slight gain of 1% to Rp2,030 per share.

Mixed Performance Across Banking Stocks

The selling by foreign investors was not limited to BBCA and BMRI. PT Bank Syariah Indonesia Tbk (BRIS) also experienced a sell-off worth Rp4.27 billion, resulting in a 0.81% decline in its stock price to Rp2,460 per share. On the other hand, PT Bank Ganesha Tbk (BTGT) was bought by foreign investors worth Rp1.42 billion, leading to a 3.51% increase in its stock price to Rp118 per share.

Market Implications

The continued selling by foreign investors in major banking stocks reflects ongoing caution in the market. While some digital banks have shown resilience, the overall banking sector remains under pressure. Investors are advised to monitor further developments in the Indonesian banking sector closely.