Jakarta’s benchmark stock index rose for a third day Wednesday, despite continued selling pressure from foreign investors, signaling a complex dynamic in Southeast Asia’s largest economy[[1]]. The Jakarta Composite Index (IHSG) closed up 0.3% at 8,146.72, driven by robust domestic trading volume of rp 25.74 trillion (approximately $1.6 billion USD)[[2]]. While the market showed gains, foreign outflows reached Rp 1.44 trillion (approximately $90 million USD), raising questions about external perceptions of Indonesian equities following recent market volatility[[3]].
Jakarta – The Indonesian stock market continued its upward trend for a third consecutive day on Wednesday, February 4, 2026, with the Jakarta Composite Index (IHSG) closing up 0.3% at 8,146.72.
Total transaction value reached Rp 25.74 trillion (approximately $1.6 billion USD) from 45.43 billion shares traded across 2.89 million transactions. During the session, 301 stocks advanced, 391 declined, and 125 remained unchanged.
Despite the overall market gains, foreign investors continued a substantial selling spree, offloading Rp 1.44 trillion (approximately $90 million USD) across the market. This included Rp 1.42 trillion in regular market transactions and Rp 16.90 billion in negotiated and cash market deals.
Investor focus now turns to which stocks bore the brunt of the foreign selling pressure. According to Stockbit, the following were the ten most heavily sold shares on Wednesday:
- PT Bumi Resources Tbk. (BUMI) – Rp 571.91 billion
- PT Aneka Tambang Tbk. (ANTM) – Rp 193.77 billion
- PT Astra International Tbk. (ASII) – Rp 146.54 billion
- PT Telkom Indonesia (Persero) Tbk. (TLKM) – Rp 120.10 billion
- PT Bank Negara Indonesia (Persero) Tbk. (BBNI) – Rp 111.47 billion
- PT Darma Henwa Tbk. (DEWA) – Rp 102.02 billion
- PT Merdeka Copper Gold Tbk. (MDKA) – Rp 74.68 billion
- PT Barito Pacific Tbk. (BRPT) – Rp 77.55 billion
- PT Petrosea Tbk. (PTRO) – Rp 65.07 billion
- PT Sarana Menara Nusantara Tbk. (TOWR) – Rp 57.39 billion
(fsd/fsd)
