Foreign Investors Continue Net Selling, JCI Surges Nearly 4%

Foreign investors continued their net selling (net sell) trend in the Indonesia Stock Exchange (IDX) on Monday (March 3, 2025). The total net sell across all markets reached IDR 137.9 billion.

As a result, the year-to-date total net sell by foreign investors has increased to IDR 22 trillion.

In the regular market, the largest net sell occurred in PT Bank Negara Indonesia Tbk (BBNI) shares, amounting to IDR 128.3 billion. Additionally, PT Bank Syariah Indonesia Tbk (BRIS) shares were also heavily sold by foreign investors, recording a net sell of IDR 76.8 billion.

On the other hand, the highest net buy by foreign investors was recorded in PT Bank Central Asia Tbk (BBCA) shares, reaching IDR 129 billion, followed by PT Astra International Tbk (ASII) shares with a net buy of IDR 86.5 billion.

JCI Skyrockets Nearly 4%

The Jakarta Composite Index (JCI) closed today's trading with a significant surge, rising by 249 points or 3.97% to 6,519.6. A total of 454 stocks gained, 162 declined, and 180 remained unchanged.

The total transaction value in the exchange reached IDR 15.4 trillion, with a trading volume of 21.2 billion shares across 1.3 million transactions.

Most stock sectors saw gains, with the raw materials sector leading the rally with a 4.2% increase, followed by the financial sector (+3.8%), infrastructure (+3.2%), primary consumer goods (+2.9%), and energy (+2.5%). Meanwhile, the healthcare sector was the only one that declined, slipping by 0.03%.

Top Gainers: Several Stocks Hit ARA

The surge in JCI also propelled several stocks to hit the upper limit of auto reject atas (ARA). Some stocks even soared by 25% in a short period.

Stocks that hit ARA included:

• PT Pradiksi Gunatama Tbk (PGUN) skyrocketed 25% to IDR 625
• PT Toba Pulp Lestari Tbk (INRU) surged 25% to IDR 450
• PT Geoprima Solusi Tbk (GPSO) jumped 24.8% to IDR 422
• PT Aesler Group Internasional Tbk (RONY) climbed 24.7% to IDR 1,510
• PT Fortune Mate Indonesia Tbk (FMII) rose 24.7% to IDR 464

Asian Markets Mostly Green, Shanghai Slips

Along with the JCI rally, most Asian stock indexes also showed positive movement. The Straits Times Index (Singapore) gained 0.3%, Nikkei (Japan) surged 1.7%, and Hang Seng (Hong Kong) increased 0.2%. However, the Shanghai Index (China) edged down slightly by 0.1%.

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