Indonesia’s benchmark stock index ended Monday’s first trading session slightly higher, although sharp intraday swings and continued foreign selling highlighted persistent uncertainty in the domestic equity market.
The Jakarta Composite Index (IHSG) closed the morning session at 5,930.84, up 0.11% from the previous trading day. The modest gain came after volatile trading as investors weighed domestic developments against global risks that continued to influence appetite for emerging-market assets.
Foreign investors remained cautious despite the index staying in positive territory. Overseas investors recorded a net sell of Rp274.8 billion in the Indonesian stock market during the first session, showing that capital outflows continued to pressure sentiment.
Among the stocks facing the largest foreign selling were Mitra Adiperkasa (MAPI), Bank Central Asia (BBCA), and Astra International (ASII). Selling pressure on major stocks underscored the selective approach taken by foreign market participants amid heightened volatility.
The latest movement followed a stronger performance in the previous week, when the IHSG gained 0.83%. However, foreign investors still booked a substantial net sell of around Rp1.7 trillion in the regular market during that period, indicating that the index’s recovery had yet to be accompanied by a sustained return of overseas capital.
Investors are also monitoring external developments, particularly renewed geopolitical tensions in the Middle East. Concerns over potential disruptions to global energy supplies have added another layer of uncertainty to financial markets and could influence commodity prices, inflation expectations, and capital flows.
The market’s ability to maintain gains despite foreign selling suggests that domestic buying continued to provide support. Nevertheless, the combination of global uncertainty and persistent foreign outflows means volatility could remain elevated.
Market participants are expected to continue monitoring foreign fund movements and international developments to assess whether the IHSG can build stronger momentum in upcoming sessions or face renewed selling pressure.
