JAKARTA — Foreign investors showcased a starkly contrasting pattern of movement within major Indonesian banking stocks over the past week, spanning from Monday, December 1, 2025, to Friday, December 5, 2025. While some prominent blue-chip bank shares experienced significant selling pressure, others emerged as attractive targets, drawing substantial foreign capital inflows.
According to data from RTI, shares of PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) bore the brunt of foreign selling, recording the highest net sell value at an staggering IDR 1.7 trillion within the week. This intense selling pressure directly correlated with the stock’s price performance, which closed down 1.08%, or 40 points, settling at IDR 3,650 per share. On a year-to-date (YTD) basis, BBRI‘s performance remains challenged, showing a decline of 10.54%.
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Following a similar trend, PT Bank Central Asia Tbk. (BBCA) also saw foreign investors divest their holdings, registering a net sell of IDR 109.7 billion. Interestingly, despite this selling pressure, BBCA‘s share price managed to gain 0.91%, or 75 points, closing at IDR 8,300 per share. However, its YTD performance still reflects a notable weakening of 14.21%.
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The foreign selling wave also impacted PT Bank Syariah Indonesia Tbk. (BRIS), which posted a net sell value of IDR 10.1 billion. By the close of the week, BRIS shares had weakened by 1.27%, or 30 points, to IDR 2,330 per share. This weekly downturn further exacerbated BRIS‘s YTD performance, which is now down 14.65%.
In sharp contrast, PT Bank Mandiri (Persero) Tbk. (BMRI) emerged as the top choice for foreign investors, experiencing the largest net buy with inflows totaling IDR 609.8 billion over the last week. Despite this robust foreign interest, Bank Mandiri’s shares closed slightly lower by 0.41%, or 20 points, at IDR 4,900 per share. While BMRI has corrected by 14.04% YTD, the significant foreign buying indicates that global investors perceive the bank’s fundamental foundations as robust and strong.
Lastly, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) also registered positive foreign capital inflows, with a net buy of IDR 35.6 billion. Nevertheless, BBNI shares closed down 20 points, settling at IDR 4,290 per share. Impressively, BBNI‘s YTD performance shows only a modest decline of 1.38%, highlighting its relative resilience amidst broader market movements.
Summary
Over the past week from December 1-5, 2025, foreign investors exhibited varied movements within major Indonesian banking stocks. PT Bank Rakyat Indonesia (BBRI) faced the most significant selling pressure, recording an astounding IDR 1.7 trillion in net sell and seeing its share price decline by 1.08%. PT Bank Central Asia (BBCA) and PT Bank Syariah Indonesia (BRIS) also experienced net selling, although BBCA’s share price still managed to increase slightly.
Conversely, PT Bank Mandiri (BMRI) emerged as a top choice for foreign capital, attracting a substantial net buy of IDR 609.8 billion, reflecting global investors’ belief in its robust fundamentals. PT Bank Negara Indonesia (BBNI) also saw positive foreign inflows, with a net buy of IDR 35.6 billion, demonstrating relative resilience in its year-to-date performance.