JCI Breaks Past 6,800, Yet Foreign Investors Dump Key Stocks

Indonesia’s benchmark stock index, the Jakarta Composite Index (JCI), strengthened again last week, climbing past the psychological level of 6,800. On Friday (May 2, 2025), the index closed up 0.72%, ending at 6,815.73.

On the same day, foreign investors recorded a net purchase of IDR 133.44 billion across all markets, with the majority occurring in the regular market at IDR 204.06 billion. However, a net sell of IDR 70.63 billion was logged in the negotiated and cash markets.

Despite the index’s upward momentum, several stocks were heavily sold by foreign investors. According to data from Stockbit, here are the top 10 stocks that saw the highest foreign net sell on Friday:

1. Bank Negara Indonesia (BBNI) – Net sell of IDR 98.68 billion

2. Bank Rakyat Indonesia (BBRI) – IDR 85.82 billion

3. Medikaloka Hermina (HEAL) – IDR 47.00 billion

4. Astra International (ASII) – IDR 32.86 billion

5. Perusahaan Gas Negara (PGAS) – IDR 32.67 billion

6. Sumber Alfaria Trijaya (AMRT) – IDR 30.79 billion

7. Japfa Comfeed Indonesia (JPFA) – IDR 25.69 billion

8. United Tractors (UNTR) – IDR 21.46 billion

9. Semen Indonesia (SMGR) – IDR 21.36 billion

10. Bumi Resources Minerals (BRMS) – IDR 18.03 billion