Foreign Funds Exit IDR 1.37 Trillion, IHSG Potentially Faces Correction

Indonesian stocks experienced a net sell of approximately IDR 1.37 trillion by foreign investors on Tuesday, June 2, 2026, even as the Composite Stock Price Index (IHSG) managed to close with a gain of 1.11 percent.

This continued outflow of foreign capital signals that global market participants remain cautious about riskier assets amidst rising geopolitical and economic uncertainties worldwide. Fanny Suherman, Head of Retail Research at BNI Sekuritas, noted that the IHSG's rise was not supported by returning foreign investment, suggesting potential for a correction.

"The IHSG closed up 1.11 percent yesterday, but it was still accompanied by a foreign net sell of around IDR 1.37 trillion. The IHSG has the potential to correct again today," Suherman stated in her daily research report on Wednesday, June 3.

BNI Sekuritas identified TPIA, ASII, MAPI, BUVA, and BMRI as stocks most heavily sold by foreign investors. The ongoing conflict in the Middle East is a significant factor, with reports of stalled communication between Iran and the United States raising concerns about global energy supplies. This situation has contributed to sustained high oil prices, which in turn can fuel inflation and increase economic uncertainty.

Despite positive performance in U.S. markets, with the S&P 500 and Dow Jones recording gains, this sentiment has not translated into aggressive foreign investment in Indonesia. BNI Sekuritas forecasts the IHSG to trade within a range of 6,000-6,100 for support and 6,200-6,300 for resistance, with market players awaiting further developments from the Middle East and shifts in foreign capital flows before making significant moves.

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The IHSG closed up 1.11 percent yesterday, but it was still accompanied by a foreign net sell of around IDR 1.37 trillion. The IHSG has the potential to correct again today.