IHSG Rebounds to Green Zone After a 7% Decline in Two Days

After two consecutive days of steep declines totaling 7%, the Jakarta Composite Index (IHSG) finally rebounded to the green zone. On Thursday (March 20, 2025), the index surged 1.11% or 70 points, closing at 6,381.67.

Total trading value reached Rp11.27 trillion, with a trading volume of 16.68 billion shares exchanged in 1.1 million transactions. In detail, 299 stocks gained, 272 declined, and 233 remained unchanged.

Foreign Investors Record Net Sell but Still Accumulate Key Stocks

Foreign investors recorded a net sell of Rp499.36 billion across all markets, with a net sell in the regular market amounting to Rp870.99 billion. However, in the negotiated and cash markets, foreign investors posted a net buy of Rp371.63 billion.

Several stocks remained attractive to foreign investors, contributing to IHSG’s recovery. According to Stockbit, here are the top stocks with the highest net foreign buy on Thursday:

1. PT Chandra Asri Pacific Tbk. (TPIA) – Rp34.14 billion
2. PT Bukalapak.com Tbk. (BUKA) – Rp29.26 billion
3. PT Raharja Energi Cepu Tbk. (RATU) – Rp26.73 billion
4. PT Amman Mineral Internasional Tbk. (AMMN) – Rp26.05 billion
5. PT J Resources Asia Tbk. (PSAB) – Rp18.18 billion
6. PT GoTo Gojek Tokopedia Tbk. (GOTO) – Rp17.56 billion
7. PT Bumi Resources Minerals Tbk. (BRMS) – Rp15.36 billion
8. PT Medco Energi Internasional Tbk. (MEDC) – Rp12.89 billion
9. PT Bank Tabungan Negara (Persero) Tbk. (BBTN) – Rp9.20 billion
10. PT Mega Manunggal Property Tbk. (MMLP) – Rp8.71 billion