Rancak Media – JAKARTA — Foreign investors displayed a notable divergence in their activity concerning major Indonesian banking stocks over the past week, from Monday, December 1, 2025, to Friday, December 5, 2025. While some prominent blue-chip bank shares faced significant selling pressure, others emerged as strong targets, attracting substantial foreign capital inflows.
Data from RTI reveals that shares of PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) experienced the most significant foreign divestment during this period. Foreign investors recorded a net sell value reaching an impressive Rp1.7 trillion for BBRI within the week. This strong selling pressure directly coincided with a decline in BBRI’s stock price, which closed down 1.08%, or 40 points, at Rp3,650 per share. Year-to-date (YTD), BBRI’s performance has also remained under considerable pressure, recording a substantial decline of 10.54%.
Beyond BBRI, PT Bank Central Asia Tbk. (BBCA) also registered a notable outflow of foreign funds, with a net sell value of Rp109.7 billion. Interestingly, despite this selling pressure, BBCA’s share price managed to post a gain of 0.91%, or 75 points, closing at Rp8,300 per share. However, its year-to-date performance still reflects a significant weakening of 14.21%. Adding to the list of banks facing foreign divestment was PT Bank Syariah Indonesia Tbk. (BRIS), which saw a net sell of Rp10.1 billion. BRIS shares concluded the week with a decline of 1.27%, or 30 points, reaching Rp2,330 per share, further deepening its year-to-date slump to 14.65%.
In a contrasting trend, PT Bank Mandiri (Persero) Tbk. (BMRI) emerged as the top choice for foreign investors, attracting the largest net buying activity. The bank recorded a robust net buy value of Rp609.8 billion over the last week. Despite this substantial foreign interest, Bank Mandiri’s shares experienced a slight dip, closing down 0.41%, or 20 points, at Rp4,900 per share. While its year-to-date correction stands at 14.04%, the considerable foreign buying signals that global investors maintain a strong conviction in the bank’s fundamental strength and long-term prospects.
Similarly, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) also witnessed positive foreign fund inflows, registering a net buy of Rp35.6 billion. Nevertheless, BBNI’s stock price concluded the week with a slight decrease of 20 points, settling at Rp4,290 per share. Notably, BNI’s year-to-date performance has shown greater resilience compared to its peers, with its shares declining by a modest 1.38%.
Summary
Foreign investors displayed divergent activity in major Indonesian banking stocks from December 1-5, 2025. PT Bank Rakyat Indonesia (BBRI) faced the most significant foreign divestment, recording a net sell of Rp1.7 trillion which coincided with a 1.08% stock price decline. PT Bank Central Asia (BBCA) also registered a net sell of Rp109.7 billion, and PT Bank Syariah Indonesia (BRIS) saw a Rp10.1 billion net sell, both experiencing stock price pressure.
Conversely, PT Bank Mandiri (BMRI) emerged as the top choice for foreign investors, attracting a robust net buy of Rp609.8 billion, despite a slight dip in its share price. PT Bank Negara Indonesia (BBNI) also witnessed positive foreign fund inflows with a net buy of Rp35.6 billion, showing greater year-to-date resilience compared to other banks, even with a minor weekly price decrease.
