Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) surged 1.17% to 8,748.13 on the first trading day of 2026, driven by significant foreign investor activity with a net buy of Rp 1.06 trillion ³

. While banking stocks showed weakness, with major banks experiencing declines ¹, foreign investors focused on buying commodities stocks, particularly PT Bumi Resources (BUMI) and PT Bumi Resources Minerals (BRMS) ³.

Full Analysis

02

Deep Dive Analysis

Indonesian Market Gains Momentum on First Trading Day of 2026

Market Overview

The Indonesian Composite Index (IHSG) closed 1.17% higher at 8,748.13 on the first trading day of 2026, marking a positive start to the year ²

. This gain was supported by substantial foreign investor activity, with a recorded net buy position of Rp 1.06 trillion across all markets ³.

Sector Performance

The banking sector showed mixed results, with major banks experiencing declines. PT Bank Negara Indonesia Tbk (BBNI) recorded the largest drop among the major banks, falling 2.52% to Rp 4,260 ¹

. Other major banking stocks also ended lower, with PT Bank Central Asia Tbk (BBCA) down 0.62% to Rp 8,025, PT Bank Rakyat Indonesia Tbk (BBRI) declining 0.55% to Rp 3,640, and PT Bank Mandiri Tbk (BMRI) closing 0.49% lower at Rp 5,075 ¹.

Foreign Investor Activity

Despite the weakness in banking stocks, foreign investors maintained a positive outlook on the Indonesian market. They recorded a net buy of Rp 1.14 trillion in the regular market, although this was partially offset by a net sell of Rp 72.78 billion in the negotiation and cash markets ³

. The net buy activity was concentrated in commodity stocks, with PT Bumi Resources Tbk (BUMI) being the most favored at Rp 889.3 billion, followed by PT Bumi Resources Minerals Tbk (BRMS) at Rp 252.5 billion, and PT Darma Henwa Tbk (DEWA) at Rp 204.1 billion ³.

Stocks with Highest Foreign Net Sell

On the other side, foreign investors were net sellers in some major stocks. The largest net sell was recorded in PT Bank Rakyat Indonesia Tbk (BBRI) amounting to Rp 366.7 billion, followed by PT Bank Negara Indonesia Tbk (BBNI) at Rp 83.8 billion, and PT Petrosea Tbk (PTRO) at Rp 83.5 billion ³

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Market Outlook

The positive performance on the first trading day sets a promising tone for the year. The significant foreign investor participation, particularly in commodity stocks, indicates continued interest in Indonesia's resource sector. However, the weakness in banking stocks may require monitoring as it could impact overall market sentiment in the coming days.

References