Foreign investors once again recorded net selling activity in the Indonesian stock market amid the sharp decline of the Composite Stock Price Index (IHSG), which plunged more than 4% during trading on Monday (June 8, 2026).

Notably, this wave of selling was not limited to cyclical stocks but also targeted large-cap companies that have long been regarded as key proxies for the Indonesian equity market.

Based on trading data, foreign investors posted a net sell value of Rp447.1 billion across the market, while total transaction value reached Rp21.42 trillion. The heaviest foreign selling pressure occurred in major banking stocks, with PT Bank Central Asia Tbk (BBCA) recording net foreign sales of Rp489.1 billion, followed by PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) at Rp298.5 billion and PT Bank Mandiri (Persero) Tbk (BMRI) at Rp46.1 billion.

The selling pressure was not confined to the banking sector. Foreign investors also reduced holdings in defensive and commodity-related stocks. PT Telkom Indonesia (Persero) Tbk (TLKM) ranked as the third-largest net sell position at Rp136 billion, followed by PT Aneka Tambang (Persero) Tbk (ANTM) at Rp132.7 billion and PT Amman Mineral Internasional Tbk (AMMN) at Rp77.6 billion. This situation indicates that foreign selling activity has become broad-based and is no longer concentrated in only a few sectors.

The ten stocks with the largest net foreign selling values were as follows:

• PT Bank Central Asia Tbk (BBCA) – Rp489.1 billion
• PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) – Rp298.5 billion
• PT Telkom Indonesia (Persero) Tbk (TLKM) – Rp136.0 billion
• PT Aneka Tambang (Persero) Tbk (ANTM) – Rp132.7 billion
• PT Amman Mineral Internasional Tbk (AMMN) – Rp77.6 billion
• PT Bank Mandiri (Persero) Tbk (BMRI) – Rp46.1 billion
• PT Merdeka Copper Gold Tbk (MDKA) – Rp31.5 billion
• PT Indo Tambangraya Megah Tbk (ITMG) – Rp30.8 billion
• PT Barito Renewables Energy Tbk (BREN) – Rp29.3 billion
• PT J Resources Asia Pasifik Tbk (PSAB) – Rp25.1 billion

Meanwhile, the Composite Stock Price Index (IHSG) suffered a substantial decline and continued the sharp correction trend that has persisted over the past three months.

According to trading data, the IHSG closed the second trading session at 5,342.14, falling by 252.63 points or 4.52%. During intraday trading, the index even touched a low of 5,317.91.

As a result of this correction, the IHSG’s decline since the beginning of the year has exceeded 38%, while compared to its peak level on January 20, 2026, the index has dropped by 41.51%.

Selling pressure was widespread across nearly all segments of the market. A total of 661 stocks ended lower, while only 78 stocks advanced and another 78 stocks remained unchanged. Total transaction value reached Rp21.73 trillion, with trading volume totaling 32.52 billion shares and transaction frequency recorded at 2.22 million trades.