Indonesian Stock Market Ends Slightly Lower Despite Foreign Buying

Market Performance Overview

The Indonesian Composite Stock Index (IHSG) closed 0.06% lower at 8,611.79 on Wednesday, following a two-day consecutive rise. Despite the decline in the overall index, foreign investors maintained a net buy position of Rp 70.25 billion across all market segments.

Foreign Investor Activity

Foreign investor transactions showed a mixed pattern across different market segments. In the negotiated market, there was a significant net buy of Rp 299.85 billion. Conversely, the regular market saw a net sell of Rp 229.60 billion. This resulted in an overall net buy position of Rp 70.25 billion for foreign investors.

Top Stocks in Foreign Transactions

The stocks that attracted the most significant foreign investment were:

• PT MD Entertainment Tbk (FILM): Rp 481.2 billion net buy
• PT Bank Mandiri Tbk (BMRI): Rp 194.8 billion net buy
• PT Sinergi Inti Andalan Prima Tbk (INET): Rp 140.4 billion net buy

On the other hand, foreign investors sold significant amounts of:

• PT Bank Rakyat Indonesia Tbk (BBRI): Rp 465.5 billion net sell
• PT Chandra Daya Investasi Tbk (CDIA): Rp 232.5 billion net sell
• PT Bumi Resources Tbk (BUMI): Rp 99.2 billion net sell

Market Implications

The mixed foreign investor activity reflects the complex dynamics in the Indonesian stock market. While the overall net buy position indicates continued foreign interest in Indonesian assets, the sell-off in certain banking stocks like BBRI suggests some caution among investors. The significant buying in FILM and INET points to potential growth opportunities being perceived in specific sectors.