Net selling (foreign net sell) from foreign investors this week was lower amid the strengthening of the Composite Stock Price Index (IHSG).

The JCI strengthened by 5.83 percent in a week or closed at 6,636.00.

In the trading week of March 3-7, 2025, foreigners sold shares worth IDR 450.33 billion, much smaller than the previous week which reached IDR 10.2 trillion, according to data from the Indonesia Stock Exchange (IDX), Sunday (9/3/2025).

This selling action targeted a number of stocks from various sectors, ranging from banking, raw materials, to energy.

Interestingly, even though foreign selling pressure is still quite large, the majority of shares released actually recorded price increases throughout the week.

PT Bank Mandiri (Persero) Tbk (BMRI) shares were the most sold by foreign investors, with a net sell value reaching IDR 599.3 billion.

However, the negative sentiment was not enough to stem the pace of BMRI shares, which continued to strengthen 5.22 percent in a week. However, selling pressure began to be felt towards the end of the week, with BMRI closing down 0.62 percent to Rp4,840 per share on Friday (7/3/2025).

Shares of PT Merdeka Copper Gold Tbk (MDKA) were also targeted by foreign sell-offs with a net sell value of Rp448.7 billion. MDKA shares actually jumped significantly, strengthening 9.29 percent in a week. In fact, at the end of the week, MDKA was still able to rise 3.73 percent to Rp1,530 per share at the end of this week.

Shares of PT Bank Syariah Indonesia Tbk (BRIS) and PT Petrosea Tbk (PTRO) were also sold by foreigners, with a net sell of IDR 230.5 billion and IDR 170.88 billion respectively.

Although BRIS still accumulated a 3.20 percent increase in a week, the selling action that occurred towards the end of the week caused this stock to correct 1.15 percent to IDR 2,580 per share.

Meanwhile, PTRO shares still posted a 6.67 percent increase in a week, although at the end of trading this week they were corrected by 0.59 percent to IDR 3,360 per share.

Lastly, shares of PT Ultrajaya Milk Industry Tbk (ULTJ) also did not escape foreign selling with a net sell value of IDR 133.2 billion.

However, the stock still showed positive performance, rising 2.11 percent throughout the week. In fact, at the end of the week, ULTJ still strengthened 2.84 percent to Rp1,450 per share $IDEX