Ahead of the long weekend holiday for the Ascension of Jesus Christ and the extended collective leave, the Indonesia Stock Exchange Composite Index (IHSG) closed in the red zone. On Wednesday, May 28, 2025, the index declined by 0.32%, ending the trading session at 7,175.81.

Meanwhile, foreign investors recorded a significant net buying activity totaling IDR 1.37 trillion across all markets. Even more notably, in the negotiated and cash markets, foreign investors logged a larger net buy of IDR 1.44 trillion. However, they simultaneously posted a net sell of IDR 71.36 billion in the regular market.

So, which stocks were most favored by foreign investors before the long weekend? Citing data from Stockbit, here is the list of top net foreign buys during Wednesday’s trading:

• PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) – IDR 630.85 billion

• PT Telkom Indonesia (Persero) Tbk. (TLKM) – IDR 327.03 billion

• PT Aneka Tambang Tbk. (ANTM) – IDR 168.26 billion

• PT Bank Syariah Indonesia Tbk. (BRIS) – IDR 84.89 billion

• PT Perusahaan Gas Negara Tbk. (PGAS) – IDR 75.64 billion

• PT Bukit Asam Tbk. (PTBA) – IDR 31.10 billion

• PT United Tractors Tbk. (UNTR) – IDR 28.47 billion

• PT Merdeka Battery Materials Tbk. (MBMA) – IDR 23.41 billion

• PT Charoen Pokphand Indonesia Tbk. (CPIN) – IDR 19.39 billion

• PT Indofood Sukses Makmur Tbk. (INDF) – IDR 17.70 billion