Indonesian Stocks Edge Higher Amidst Foreign Investor Activity

Jakarta, Indonesia – Tuesday, March 10, 2026 – Indonesian shares closed marginally higher today, with the Jakarta Composite Index (IHSG) gaining 0.71% or 52 points to reach 7,389.51. The positive close follows a period of volatility, driven in part by shifts in foreign investor sentiment.

Market Performance Overview

Trading activity saw 443 shares advance, 227 decline, and 145 remain unchanged. The total transaction value reached IDR 10.62 trillion, involving 22.30 billion shares across 1.25 million transactions. Market capitalization increased to IDR 13,256 trillion.

Almost all trade sectors experienced gains, with the raw goods and primary consumer sectors leading the increases. The infrastructure and technology sectors were the only exceptions, recording declines during the session. Key contributors to the JCI’s performance included ASII, BRMS, BBCA, MBMA, and DSSA.

Foreign Investor Activity

During midday trading, foreign investors recorded net sales of IDR 1.2 trillion across all markets, with purchases totaling IDR 2.6 trillion and sales reaching IDR 3.9 trillion. However, a closer appear reveals significant net buying in specific stocks.

Stocks Seeing Net Foreign Buying

The following issuers experienced the largest net foreign buys during the first trading session:

• PT Medco Energi Internasional Tbk (MEDC) – IDR 47.4 billion
• PT Indo Tambangraya Megah Tbk (ITMG) – IDR 37.0 billion
• PT Bank Mandiri (Persero) Tbk (BMRI) – IDR 30.6 billion
• PT Bank Central Asia Tbk (BBCA) – IDR 14.6 billion
• PT Indah Kiat Pulp & Paper Corp Tbk (INKP) – IDR 10.0 billion
• PT Elnusa Tbk (ELSA) – IDR 9.7 billion
• PT GoTo Gojek Tokopedia Tbk (GOTO) – IDR 9.4 billion
• PT Nusantara Sawit Sejahtera Tbk (NSSS) – IDR 7.7 billion
• PT Royaltama Mulia Contractorindo Tbk (RMKO) – IDR 7.3 billion
• PT XL Axiata Tbk (EXCL) – IDR 6.4 billion

Broader Market Context

The Indonesian stock market’s performance aligns with broader trends in the region. According to CNBC Indonesia and Google Finance, the IHSG currently stands at 7,440.91 as of March 10, 2026, 4:00 PM GMT+7. This indicates a continued, albeit modest, recovery following recent market fluctuations.