After Three-Day Rally, IHSG Plunges 1.14% Amid Foreign Selling

After a three-day winning streak, the Jakarta Composite Index (IHSG) closed significantly lower, dropping by 1.14% to 6,794.87 on Wednesday (February 19, 2025). This marks a sharp reversal from its previous upward trend.

The total transaction value reached IDR 12.17 trillion, with a trading volume of 19.48 billion shares across 1.23 million transactions. Overall, 235 stocks advanced, 379 declined, and 341 remained unchanged.

Foreign Sell-Off Weighs on Market

Foreign investors continued their large-scale selling spree, recording a net sell of IDR 1.13 trillion across all markets. This included IDR 963.57 billion in the regular market and IDR 166.24 billion in the negotiated and cash markets.

The heavy foreign sell-offs dragged down IHSG performance, with several major stocks seeing significant outflows. According to Stockbit, the following stocks recorded the highest net foreign sell on Wednesday (February 19, 2025):

1. PT Bank Central Asia Tbk. (BBCA) – IDR 690.36 billion
2. PT Bank Mandiri (Persero) Tbk. (BMRI) – IDR 218.50 billion
3. PT Sumber Alfaria Trijaya Tbk. (AMRT) – IDR 128.85 billion
4. PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) – IDR 40.36 billion
5. PT Erajaya Swasembada Tbk. (ERAA) – IDR 36.32 billion
6. PT Petrindo Jaya Kreasi Tbk. (CUAN) – IDR 24.62 billion
7. PT Barito Renewables Energy Tbk. (BREN) – IDR 21.47 billion
8. PT Kalbe Farma Tbk. (KLBF) – IDR 16.40 billion
9. PT Amman Mineral Internasional Tbk. (AMMN) – IDR 16.03 billion
10. PT Map Aktif Adiperkasa Tbk. (MAPA) – IDR 15.23 billion

With continued foreign selling pressure, investors are advised to closely monitor market movements and consider a more defensive investment strategy in the short term.

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