Foreign Net Buy Signals Improved Sentiment in Indonesian Capital Market

RRI.CO.ID, Jakarta – Indonesia’s stock market opened the week on a mixed note amid global pressure. The Financial Services Authority (OJK) reported that foreign investors returned to the domestic market in Monday’s trading on February 2, 2026, even as major indices weakened.

Foreign investors posted a net buy of IDR 654.9 billion (USD 39 million) after recording net sells for four consecutive days. The move came amid a sharp correction in the Jakarta Composite Index (JCI).

“After four days of foreign net selling, today foreigners recorded a net buy of IDR 654.9 billion. So this is good news, as foreign investors returned to buying after four days of net selling,” OJK Acting Chair and Deputy Chair of the Board of Commissioners Friderica Widyasari Dewi said in Jakarta on Monday, as quoted by Antara.

According to Friderica, market pressure is not limited to Indonesia but is being felt across Asia.

“Regionally, indices are also down. If we look at South Korea’s Kospi, it is down even more sharply at 5.4 percent. Markets in Hong Kong, India, Singapore and China are also weakening,” she said.

Friderica stressed that the JCI correction still carries constructive signals from a global perspective.

“So we are looking at this from a broader and more global perspective. Even though our market is down today, there are still positive aspects that we can see,” she said.

She explained that stocks with high valuations dominated the declines.

“This is a positive sign, as investors are moving into fundamentally strong stocks, which rose today, while most of the stocks that fell are those whose prices had previously climbed too high,” she said.

The OJK, together with all Self-Regulatory Organizations (SROs), is ensuring that capital market trading remains orderly.

“We want to ensure that the OJK, together with all SROs, maintains trading that is orderly, fair and efficient,” Friderica said.

At the close of trading on Monday afternoon, the JCI fell 406.88 points, or 4.88 percent, to 7,922.73. Meanwhile, the LQ45 index dropped 27.29 points, or 3.27 percent, to 806.24.

Trading frequency reached 2,949,040 transactions, with 50.41 billion shares changing hands for a total value of IDR 29.17 trillion. A total of 58 stocks advanced, 720 declined and 36 remained unchanged. ***