Foreign investors have become increasingly aggressive in selling shares on the Indonesia Stock Exchange (IDX), even as the Composite Stock Price Index (IHSG) has started to show signs of recovery and managed to strengthen after facing pressure over the past several trading sessions.

According to trading data, foreign investors recorded net sales of Rp2.45 trillion on June 9, 2026, which then increased to Rp3.13 trillion on June 10, 2026. As a result, total foreign net selling over the two-day period reached approximately Rp5.57 trillion.

Interestingly, this increase in selling activity occurred while the IHSG was attempting to recover from significant market pressure. During trading on June 10, the index managed to rise after previously falling to its lowest level in several months, indicating the presence of bargain hunting activity and buying interest from domestic investors.

Large-cap banking stocks remained the primary target of foreign selling pressure. On June 10, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) recorded the largest net sell value at Rp612 billion, followed by PT Chandra Asri Pacific Tbk. (TPIA) with Rp416 billion, PT Bank Central Asia Tbk. (BBCA) with Rp179 billion, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) with Rp147 billion, and PT Bank Mandiri (Persero) Tbk. (BMRI) with Rp122 billion.

A similar pattern was observed the previous day, with BBCA, BBRI, BMRI, and TPIA dominating the list of stocks most heavily sold by foreign investors. This suggests that despite the IHSG’s recovery efforts, global investors are still reducing their exposure to several blue-chip stocks that have traditionally served as key drivers of the index.

The following were the 10 stocks with the largest foreign net sell values in yesterday’s trading session:

• PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI): Rp612 billion
• PT Chandra Asri Pacific Tbk. (TPIA): Rp416.1 billion
• PT Bank Central Asia Tbk. (BBCA): Rp179.2 billion
• PT Bank Negara Indonesia (Persero) Tbk. (BBNI): Rp147.2 billion
• PT Aneka Tambang Tbk. (ANTM): Rp133.5 billion
• PT Bumi Resources Tbk. (BUMI): Rp125.1 billion
• PT Bank Mandiri (Persero) Tbk. (BMRI): Rp122.2 billion
• PT Telkom Indonesia (Persero) Tbk. (TLKM): Rp113.6 billion
• PT Astra International Tbk. (ASII): Rp109.5 billion
• PT Petrindo Jaya Kreasi Tbk. (CUAN): Rp104.4 billion

Meanwhile, the IHSG continued its upward momentum during yesterday’s trading session, extending the gains recorded on the previous day.

Based on trading data, the IHSG surged by 2.71%, or 155 points, to close at 5,902.37. A total of 571 stocks advanced, 148 stocks declined, and 96 stocks remained unchanged.

The rally was also accompanied by strong trading activity. Total trading volume reached approximately 46.67 billion shares, with transaction value amounting to Rp31.73 trillion, while trading frequency reached 3.1 million transactions.