Shares Soar 9.77%, BSI Financing Grows 14.6%

PT Bank Syariah Indonesia Tbk (BSI) shares experienced a significant surge, climbing 9.77% to 1,910 on Friday, July 17, 2026, marking the highest gain among banking stocks that day. This rally coincided with a return of foreign investor buying activity in the Indonesian banking sector.

The strengthening of BSI's stock (BRIS) occurred amidst improving domestic capital market sentiment. After a period of net selling earlier in the year, foreign investors began to re-enter the market. On Thursday, July 16, foreign investors recorded a net buy of approximately Rp 1.22 trillion across the market, with major banks like BBCA and BMRI being primary targets. This trend continued into the first trading session on Friday, indicating sustained interest in banking stocks despite a smaller net buy value compared to the previous day.

Beyond market sentiment, BSI's robust financial performance provided further support for its stock. In the first quarter of 2026, the bank reported a net profit of Rp 2.2 trillion, representing a 17.1% increase compared to the same period in the previous year. This growth was fueled by a 14.4% year-on-year increase in financing, an improved net interest margin (NIM) to 5.6%, and a 6.8% reduction in provision expenses.

From a funding perspective, BSI saw its low-cost funds (current account and savings account - CASA) grow by 21.4% compared to the first quarter of 2025, driven by a 20% increase in savings deposits and a 24% rise in current account deposits. Investor Relations at BSI, Rizky Budinanda, noted that despite the recent jump, BRIS shares are still in a recovery phase after a correction over the past year. He advised investors to monitor challenges such as pressure on the cost of funds and potential dilution from meeting free float requirements.

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Despite recording a jump in trading, BRIS shares are still in a recovery phase after a correction over the past year.