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Jakarta, June 29, 2026 – Jakarta’s equity market faced another turbulent session on June 29, 2026, as the Jakarta Composite Index (IHSG) closed in the red, extending its correction streak.
Despite the broader downturn, foreign investors selectively accumulated shares in several blue chip and resource linked companies, signaling confidence in Indonesia’s financial and commodity sectors even as overall sentiment weakened.
The IHSG slipped below the psychological 6,000 mark, registering a weekly decline of 4.55%.
Trading activity also showed signs of fatigue, with transaction volumes falling 26% compared to the previous week.
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Foreign investors recorded a net sell of Rp537 billion, underscoring cautious positioning.
Yet within this cautious stance, significant net foreign buys were observed in a handful of stocks, highlighting a divergence between general market sentiment and targeted investment flows.
Bank Central Asia (BBCA) emerged as the most favored stock, attracting foreign inflows worth Rp261.75 billion.
The strong appetite for BBCA reflects investor confidence in Indonesia’s banking sector, which continues to demonstrate resilience amid macroeconomic headwinds.
Bank Rakyat Indonesia (BBRI) also saw foreign accumulation, albeit at a smaller scale, reinforcing the view that core financial institutions remain attractive to global investors.
Beyond banking, resource-linked equities captured attention.
Amman Mineral Internasional (AMMN) and Aneka Tambang (ANTM) recorded notable foreign purchases, driven by optimism over global demand for nickel and gold.
These inflows suggest that Indonesia’s position as a key supplier of strategic commodities continues to underpin investor interest, particularly as global markets grapple with currency volatility and energy price swings.
Consumer and retail names also featured in the buying list.
Indofood Sukses Makmur (INDF) and Sumber Alfaria Trijaya (AMRT) attracted foreign capital, reflecting confidence in Indonesia’s domestic consumption story.
Despite external pressures, the country’s large consumer base remains a compelling narrative for long-term investors.
Other stocks that saw foreign accumulation included Dian Swastatika Sentosa (DSSA), Astrindo Nusantara Infrastruktur (BIPI), Energi Mega Persada (ENRG), and Transcoal Pacific (TCPI).
These purchases highlight selective bets on energy, infrastructure, and logistics, sectors viewed as critical to Indonesia’s growth trajectory.
Nevertheless, risks remain pronounced. Year-to-date, foreign investors have withdrawn more than Rp71 trillion from Indonesian equities, underscoring persistent caution.
The concentration of inflows in banking and commodities also exposes investors to potential regulatory changes and global price shocks.
Meanwhile, declining liquidity raises concerns about market depth, amplifying volatility risks.
Looking ahead, foreign investors appear to be rotating into defensive and high growth sectors while trimming exposure to state owned enterprises such as Bank Mandiri (BMRI) and Telkom Indonesia (TLKM), which experienced significant net foreign sells.
This selective accumulation strategy suggests that while overall sentiment remains fragile, confidence in Indonesia’s structural growth stories banking, commodities, and consumption continues to anchor foreign investment decisions.
