JAKARTA. The Jakarta Composite Index (IHSG) has once again closed in negative territory, extending its streak of losses to six consecutive days. This persistent bearish trend deepened significantly on Tuesday, May 19, 2026, as market pressures intensified beyond previous sessions.
According to data from the Indonesia Stock Exchange (BEI), as reported by RTI, the IHSG experienced a sharp decline of 3.46%. This translated to a loss of 228.56 points, bringing the index down to a closing level of 6,370.67.
IHSG Crashes to 6,599, Check the Largest Foreign Net Sell Stocks Early This Week
The downturn was primarily fueled by a broad-based weakening across the majority of market sectors. Leading the decline were the raw materials and energy sectors, which exerted the most significant drag on the index. They were closely followed by underperformance in transportation, industry, infrastructure, non-primary consumer goods, primary consumer goods, and the financial sector.
Despite the prevailing market gloom, trading activity remained robust. The market recorded a substantial volume of 46 billion shares traded, with the total transaction value reaching an impressive IDR 25.8 trillion.
Overall market sentiment was dominated by selling pressure, clearly reflecting investor apprehension. A comprehensive look at trading activity revealed 612 shares closing weaker, while only 112 managed to strengthen, and 94 remained stagnant.
Intriguingly, even as the IHSG faced considerable downward pressure, foreign investors demonstrated a contrasting sentiment. They registered a net buy of IDR 260.12 billion across all markets, indicating selective accumulation amidst the broader market sell-off.
Foreign Net Sell of IDR 931 Billion, ANTM, BMRI & CUAN Shares Heavily Released, Tuesday (12/5)
Below is a detailed list of the top 10 stocks that experienced the largest foreign net sells on Tuesday, May 19, 2026:
1. PT Bank Central Asia Tbk (BBCA) IDR 306.16 billion
2. PT Barito Renewables Energy Tbk (BREN) IDR 115.04 billion
3. PT Bank Rakyat Indonesia Tbk (BBRI) IDR 99.53 billion
4. PT Amman Mineral Internasional Tbk (AMMN) IDR 90.94 billion
5. Pt Petrindo Jaya Kreasi Tbk (CUAN) IDR 84.13 billion
6. PT Dian Swastatika Sentosa Tbk (DSSA) IDR 83.06 billion
7. Pt Chandra Asri Pacific Tbk (TPIA) IDR 66.83 billion
8. PT Medco Energi Internasional Tbk (MEDC) IDR 58.23 billion
9. PT Mitra Adiperkasa Tbk (MAPI) IDR 54.12 billion
10. PT Hartadinata Abadi Tbk (HRTA) IDR 10.0 billion
BBCA Chart by TradingView
Summary
The Jakarta Composite Index (JCI) has declined for six consecutive days, closing at 6,370.67 after a sharp 3.46% drop on May 19, 2026. This downturn was driven by broad-based weakness across multiple sectors, particularly raw materials and energy, leading to 612 stocks finishing in the red. Despite the bearish trend, trading remained active with a total value of IDR 25.8 trillion, while foreign investors recorded a net buy of IDR 260.12 billion overall.
Despite the net buy, several major stocks faced significant foreign selling pressure throughout the session. PT Bank Central Asia Tbk (BBCA) led the list of the largest foreign net sells with IDR 306.16 billion, followed by other notable companies such as Barito Renewables Energy (BREN) and Bank Rakyat Indonesia (BBRI). These outflows highlight the ongoing investor apprehension influencing the market’s current performance.