Indonesian Stocks Extend Gains as Foreign Investors Continue Accumulating Select Blue Chips

Indonesia's equity market ended Thursday's (July 2, 2026) session with another advance, extending the positive momentum seen throughout the day. Although the Composite Stock Price Index (IHSG) climbed by more than one percent during intraday trading, it eventually closed 0.87% higher, gaining 49.44 points to finish at 5,744.56.

Trading activity remained relatively subdued. Total transaction value reached approximately Rp11.14 trillion, while about 20.50 billion shares changed hands through roughly 1.51 million transactions. Market breadth remained positive, with 395 stocks posting gains, 219 declining, and 169 ending the session unchanged.

Despite the benchmark's advance, foreign investors remained net sellers in the Indonesian market. Net foreign outflows totaled around Rp237.87 billion across all trading segments, while the regular market alone recorded net selling of approximately Rp322.69 billion. Those outflows were partially offset by net foreign purchases worth about Rp84.82 billion in negotiated and cash transactions.

Although foreign investors were net sellers overall, several large-cap companies continued to attract substantial overseas buying interest. PT Bank Central Asia Tbk. (BBCA) led the list of most actively accumulated stocks, recording net foreign purchases of approximately Rp143.17 billion.

PT Chandra Asri Pacific Tbk. (TPIA) ranked second with around Rp83.92 billion in net foreign buying, followed by PT Bank Mandiri (Persero) Tbk. (BMRI) at Rp75.42 billion and PT Barito Pacific Tbk. (BRPT) at roughly Rp50.50 billion.

Mining companies also remained on foreign investors' radar. PT Aneka Tambang Tbk. (ANTM) registered net foreign inflows of approximately Rp38.04 billion, while PT Medco Energi Internasional Tbk. (MEDC) attracted around Rp10.17 billion in net purchases.

Among financial stocks, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) continued to receive overseas investor interest with net buying of about Rp19.11 billion. Consumer giant PT Indofood Sukses Makmur Tbk. (INDF) and heavy equipment distributor PT United Tractors Tbk. (UNTR) also recorded foreign inflows of approximately Rp17.99 billion and Rp17.85 billion, respectively.

Meanwhile, PT Solusi Sinergi Digital Tbk. (WIFI) joined the list of favored stocks after posting net foreign purchases of around Rp13.39 billion.

The trading pattern suggests that while overseas investors maintained a cautious stance toward the broader Indonesian market, they continued selectively increasing exposure to high-quality blue-chip companies. Large banking stocks, petrochemical producers, mining firms, consumer companies, and selected technology names remained among the preferred destinations for foreign capital during the market's latest advance.