Foreign investors continued to exit the Indonesian stock market, with large-cap banking stocks once again becoming the main targets of selling pressure during Thursday’s trading session (April 16, 2026).

Based on trading data, foreign investors recorded a net sell of Rp982.3 billion across the market. Compared to the previous session, the net sell value slightly declined.

The selling activity was concentrated in major banking stocks. Bank Central Asia (BBCA) posted the largest net foreign sell at Rp369 billion, followed by Bank Rakyat Indonesia (BBRI) and Bank Mandiri (BMRI).

Despite the foreign selling pressure, BBRI shares showed a different performance compared to BBCA and BMRI. BBRI’s stock price rose by 0.29%, while BBCA declined by 0.38% and BMRI fell by 0.22%.

On the other hand, selling pressure also extended to energy and commodity stocks such as BUMI, ADMR, and ANTM, indicating that there has not yet been a significant rotation of foreign funds into these sectors.

Below are the 10 stocks with the largest net foreign sell in the previous trading session:

PT Bank Central Asia Tbk. (BBCA) – Rp369.0 billion
PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) – Rp302.5 billion
PT Bank Mandiri (Persero) Tbk. (BMRI) – Rp160.0 billion
PT Bumi Resources Tbk. (BUMI) – Rp128.1 billion
PT Astra International Tbk. (ASII) – Rp47.6 billion
PT Barito Renewables Energy Tbk. (BREN) – Rp33.9 billion
PT Bukit Uluwatu Villa Tbk. (BUVA) – Rp33.1 billion
PT Aneka Tambang Tbk. (ANTM) – Rp32.8 billion
PT Adaro Minerals Indonesia Tbk. (ADMR) – Rp31.5 billion
PT GoTo Gojek Tokopedia Tbk. (GOTO) – Rp26.4 billion

Meanwhile, the Composite Stock Price Index (IHSG) closed slightly lower on Thursday (April 16, 2026) after fluctuating throughout the day.

IHSG ended at 7,621.38, down 2.21 points or 0.03%. At the start of trading, the index was in positive territory and reached a high of around 7,705, but increasing selling pressure before midday pushed it down to around 7,575.

In the second session, IHSG attempted to rebound but ultimately closed slightly in the red. A total of 385 stocks advanced, 326 declined, and 248 remained unchanged.

In terms of trading activity, transaction value was relatively high at approximately Rp17.88 trillion, with a trading volume of 37.19 billion shares and around 2.58 million transactions recorded.

Market capitalization stood at around Rp13,584 trillion.

According to Refinitiv data, IHSG was supported by Sejahteraraya Anugrahjaya (SRAJ), which contributed 8.64 index points. Shares of the hospital company owned by Dato Sri Tahir surged 15.27% to 15,100.