Bank Stocks Drag IHSG Down Amid Heavy Foreign Sell-Off
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- Indonesia’s stock index IHSG weakened in early trading, dragged down by declines in major banking stocks.
- Shares of BBNI, BBRI, and BBCA all posted losses as foreign investors continued to exit the market.
- The IHSG has dropped over 36 percent year-to-date, reflecting sustained market pressure and capital outflows.
Jakarta – The Jakarta Composite Index (IHSG) opened lower in Monday morning trading (June 8), extending its recent decline. The downturn in the broader market was largely driven by weakness in several heavyweight stocks, particularly in the banking sector.
According to data from RTI Business, shares of state-owned lender PT Bank Negara Indonesia (Persero) Tbk (BBNI) recorded the steepest decline among major banks, falling 1.25 percent to Rp 3,170 per share.
Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) slipped 1.09 percent to Rp 2,710 per share, while PT Bank Central Asia Tbk (BBCA) edged down 0.99 percent to Rp 5,025 per share.
Earlier in the session, the IHSG had dropped more than 4 percent, hitting an intraday low of 5,346.33. The benchmark index later pared some of its losses, standing at 5,512.17, still down 1.44 percent.
On a year-to-date basis, the IHSG has fallen by 36.26 percent. The Indonesian stock market has also seen persistent foreign outflows, with net foreign sell reaching Rp 61.36 trillion throughout 2026.
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