Indonesian Big Banks' Shares Rebound Amidst Foreign Sell-Off

Recovery Signs in Major Banks

Indonesia's big banks are starting December on a positive note, with most seeing stock price increases despite recent foreign investor sell-offs. On December 1, 2025, major banking stocks showed mixed performance: PT Bank Central Asia (BBCA) rose 1.51% to Rp 8,400, while PT Bank Rakyat Indonesia (BBRI) declined 0.27% to Rp 3,670.

Foreign Investor Activity

Foreign investors have been selling Indonesian banking stocks recently. BBCA recorded a net sell of Rp 295.37 billion in the last week of November, while BBNI had a net sell of Rp 35.88 billion over the same period. However, BBNI saw net foreign buying of Rp 25.73 billion on December 1. PT Bank Mandiri (BMRI) was an exception, recording net foreign buying of Rp 671 billion during the last week of November.

Analyst Insights

Miftahur Khaer from Kiwoom Sekuritas Indonesia noted that while foreign selling has contributed to the recent stock price corrections, the fundamental performance of these banks remains robust. 'There has been quarterly improvement,' Khaer said, suggesting that the long-term outlook remains positive despite short-term volatility.

Market Outlook

The banking sector is expected to benefit from year-end window dressing, which could provide a short-term boost to stock performance. As the year closes, analysts believe that the current corrections present potential buying opportunities in the banking sector, particularly for long-term investors.