Indonesian Stock Market Sees Minor Correction Amid Mixed Foreign Activity

Market Overview

The Indonesian Composite Index (IHSG) experienced a minor decline of 0.02%, closing at 8,370.44 on Friday ¹

. This movement came despite mixed foreign investor activity in the market. Foreign investors recorded a net sell position of Rp 73.42 billion across all trading activities on the Indonesia Stock Exchange.

Foreign Investor Activity

The net sell figure was composed of Rp 56.74 billion in the regular market and Rp 16.68 billion in the negotiation market. Major selling was observed in several energy and mining stocks, particularly:

• PT Bumi Resources Tbk (BUMI): Rp 237.7 billion
• PT Bumi Resources Minerals Tbk (BRMS): Rp 68.3 billion
• PT Darma Henwa Tbk (DEWA): Rp 57.1 billion

Conversely, foreign investors showed buying interest in select blue-chip stocks:

• PT Bank Mandiri Tbk (BMRI): Rp 162.2 billion
• PT Bank Central Asia Tbk (BBCA): Rp 149.9 billion
• PT Sinergi Inti Andalan Prima Tbk (INET): Rp 131.4 billion

Sectoral Performance and Notable Developments

The market saw varied sectoral performance with certain sectors experiencing pressure while others showed resilience. On the day of the decline, the industrial sector faced a 1.50% drop, while the energy sector led gains with a 1.60% increase ²

.

Corporate Updates

Several significant corporate developments were noted during this period:

1. XLSmart Telecom Sejahtera (EXCL) reported a net loss of Rp 2.59 trillion for 9M25, reversing from a profit in the same period last year. The loss was attributed to increased expenses following the merger with Smartfren Telecom ²
   Source 2

   https://pusatdata.kontan.co.id/news/ihsg-turun-tipis-002-jumat-1411-asing-net-sell-rp-73-miliar
   .
2. Mutuagung Lestari (MUTU) announced plans for a private placement of up to 314 million shares, representing 10% of its outstanding shares. The capital raised will be used to enhance service capacity and expand business segments ²
   Source 2

   https://pusatdata.kontan.co.id/news/ihsg-turun-tipis-002-jumat-1411-asing-net-sell-rp-73-miliar
   .

Market Outlook

The mixed foreign investor activity and varied sectoral performance suggest a cautious market environment. Investors are advised to monitor corporate earnings and macroeconomic indicators for further market direction.