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Foreign Investors Snap Up These Stocks as the JCI Plunges 2.66% to 8,016 at the Start of the Week

Mar, 03 2026

Foreign Investors Snap Up These Stocks as the JCI Plunges 2.66% to 8,016 at the Start of the Week

KONTAN.CO.ID - JAKARTA. The Jakarta Composite Index (JCI) closed in negative territory at the start of the week, accompanied by net foreign selling.

 

The index was pressured by negative sentiment stemming from the war in the Middle East involving the United States and Israel’s attack on Iran.

 

Quoting data from the Indonesia Stock Exchange (IDX) via RTI, the JCI plunged 2.66% or fell 218 points to 8,016.83 at the close of trading on Monday (March 2, 2025).

 

The decline was driven by losses across most sectoral indices on the IDX. The consumer non-cyclicals sector recorded the steepest drop at 7.60%, followed by the industrial sector at 5.95%, property and real estate at 4.14%, infrastructure at 4.13%, technology at 3.77%, and consumer cyclicals at 3.58%.

 

In addition, the transportation sector weakened by 2.74%, financials fell 2.67%, healthcare declined 2.16%, and basic materials slipped 0.87%. The energy sector was the only sector that managed to gain, rising 1.54%.

 

Total stock trading volume on the IDX reached 56.21 billion shares, with a transaction value of Rp29.56 trillion.

 

A total of 671 stocks declined, weighing on the JCI, while 108 stocks advanced and 41 stocks remained unchanged. Foreign investors recorded net selling of Rp631.02 billion across the market.

 

Despite the JCI correction, foreign investors were actively accumulating the following stocks yesterday.

 

Here are the 10 largest foreign net buys on Monday:

  1. PT Aneka Tambang Tbk (ANTM) – Rp156.6 billion

  2. PT Adaro Andalan Indonesia Tbk (AADI) – Rp147.71 billion

  3. PT Petrosea Tbk (PTRO) – Rp146.92 billion

  4. PT Bank Rakyat Indonesia Tbk (BBRI) – Rp89.22 billion

  5. PT Alamtri Resources Indonesia Tbk (ADRO) – Rp82.89 billion

  6. PT Merdeka Copper Gold Tbk (MDKA) – Rp65.23 billion

  7. PT Indika Energy Tbk (INDY) – Rp61.87 billion

  8. PT Indofood Sukses Makmur Tbk (INDF) – Rp53.03 billion

  9. PT Astra International Tbk (ASII) – Rp43.05 billion

  10. PT Darma Henwa Tbk (DEWA) – Rp34.42 billion

 

[Source]

Other News

Explore Green Economy: Cirebon Regency Assesses Benefits of Wind Power Plant

Explore Green Economy: Cirebon Regency Assesses Benefits of Wind Power Plant

Cirebon Regency Government said the plan to build a wind power plant (PLTB) in its area could boost the value of regional investment realization.   Bisnis.com, CIREBON - The Cirebon Regency Government said the plan to build a wind power plant (PLTB) in its area could boost the value of regional investment realization.   Acting Cirebon Regent Wahyu Mijaya said the government welcomes all investment activities in Cirebon Regency. Moreover, this West Java-Jateng border area is aiming for greater investment achievements.   "We support it because Cirebon Regency receives the benefits of the power plant," Wahyu said, Monday (24/6/2024).   (SOURCE)   However, Wahyu said, the local government will first communicate with the West Java Energy and Mineral Resources (ESDM) Office regarding the existence of the power plant.   According to Wahyu, the government must conduct a study to ensure that the wind power plant provides great benefits for the people of Cirebon Regency.   "We in the government when there is a plan like this, we want to study it from its aspects, although we are sure that the party there has conducted a wind flow study because it must not stop," Wahyu said.   Based on information collected by the West Java Representative of Bisnis Indonesia's Green Economy Explore team, the location of the PLTB construction project will take place at several points in Sedong and Susukan Lebak Districts.   Monitoring in the field, the point is in Panongan Village, Winduhaji Village, Windujaya Village, Karangwuni Village, Susukan Lebak Village, and Sedong Kidul Village.   The power plant, which will be built by PT Wpd Indonesia Energy and PT Cirebon Tenaga Bayu, is planned to have a capacity of 100 to 150 megawatts (MW) with a 6 MW GWH182 goldwind turbine type.   Other information that has been collected, the newest power plant from Cirebon Regency has two interconnection points to the Mandirancan 150 KV Substation in Pancalang District, Kuningan Regency and the Kanci 150 KV Substation in Astanajapura District, Cirebon Regency.   Currently, PT Wpd Indonesia Energy and PT Cirebon Tenaga Bayu will continue the process of licensing activities that include the suitability of space utilization activities (KKPR) of the project location.   In addition, land acquisition will also be carried out in stages after the KKPR of the project is obtained and investment in the field of study and planning is carried out further.   This content is part of the news coverage of the Jelajah Ekonomi Hijau program, a journalistic journey of Bisnis Indonesia West Java Representative supported by Bank Indonesia West Java Representative Office, DPMPTSP of West Java Province, Bank BJB, PT KAI, MUJ ONWJ, Bank Mandiri and Cirebon Power.   (SOURCE)

Jun, 25 2024
Minister of Communication and Information Invites Investors to Make Indonesia an AI Investment Destination

Minister of Communication and Information Invites Investors to Make Indonesia an AI Investment Destination

Jakarta (ANTARA) - Minister of Communication and Information (Menkominfo) Budi Arie Setiadi invited investors in the Technology, Information and Communication (ICT) sector to make Indonesia an investment destination for the development of artificial intelligence (AI).   He conveyed this based on data that ASEAN continues to experience positive growth in the opportunities for AI's contribution to the regional economy, which in 2020 reached 1 billion US dollars, increasing to 11 billion US dollars in 2022.   “Private investment destinations in the AI ​​sector are still dominated by the United States, China and the United Kingdom. (Even though) the digital sector also continues to grow rapidly in the ASEAN region with the investment value in the ICT sector increasing," said Budi in Tangerang, Banten, Friday.   While opening himself up to foreign investors investing capital for the development of AI in Indonesia, Budi also invited players in the national digital technology ecosystem to take the opportunity to develop AI as an innovation and solution.   Budi said that the potential of AI is increasingly promising with the opportunity for competitive AI startup investment value to reach 1 trillion US dollars in ASEAN GDP by 2030.   Meanwhile in Indonesia, the digital sector has succeeded in attracting approximately 22 billion US dollars of investment in 2023.   "The market potential is also predicted to reach 210 billion to 360 billion US dollars in 2030, dominated by the e-commerce, online travel, transportation and food industries, as well as online media. The figure for AI's contribution to the Indonesian economy in 2030 is predicted to reach 366 billion US dollars. "This sector will be Indonesia's economic growth in the future," he said.   The Minister of Communication and Information explained that this potential shows AI as emerging technologies or technology that is developing and increasingly trusted in various sectors.   “As many as 73 percent of the 700 global AI developers believe that AI will be adopted by their organizations in the next two years. "AI is also trusted to provide solutions for various sectors in developing countries, such as in the fields of education, health, public and finance, as well as labor," he said.   He also believes that efforts to create digital equality can also be bridged by AI, which is said to be an accelerator in the digital space.   Acceleration of access to digital services using AI, said Budi, can occur through providing access to better information and public services, especially in rural or other remote areas.   "Apart from that, AI also has the opportunity to increase economic productivity through automation and innovation, so that MSMEs are able to compete in the digital era," he said.   Even so, he did not forget to mention that there are still several challenges in AI development that need to be watched out for and solutions sought so that Indonesia can become the right country for AI investment destinations by investors.   One of them is uneven infrastructure development and limited funding which hinders internet penetration as a foundation for AI development.   "Apart from that, the lack of transfer of knowledge from AI developing countries also limits the development of AI governance in a country," said Minister Budi.   (SOURCE)

Oct, 01 2024
Bandung City Government wins third place in the 2026 Investment Service Award

Bandung City Government wins third place in the 2026 Investment Service Award

Bandung City (ANTARA) - The Bandung City Government achieved third place nationally in the 2026 Integrated One-Stop Service (PTSP) Performance Assessment and the Performance of the Regional Government's Business Implementation Acceleration (PPB) at the 2026 Investment Service Award event.   Bandung Mayor Muhammad Farhan said the award, initiated by the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), is a recognition of efforts to provide fast, easy, transparent licensing services and provide certainty for business actors.   "We want to ensure that every investor coming to Bandung receives the best possible service. The easier the licensing process and the greater the business certainty, the greater the investment opportunities," Farhan said in Bandung on Tuesday.   Farhan said the award was proof that the Bandung City Government's efforts to reform the bureaucracy and improve the quality of public services were on the right track.   He believes investment plays a strategic role in driving regional economic growth, creating jobs, and improving public welfare. Therefore, ease of doing business must continue to be a priority for local governments.   "The impact will certainly be felt directly by the community through the creation of job opportunities and increased economic activity," he said.   Farhan believes the award also motivates the Bandung City Government to continue improving and innovating its services, including through strengthening digital integration and simplifying bureaucracy.   "We won't stop here. In fact, this award is a driving force to continue improving service quality, strengthening digital integration, reducing unnecessary bureaucracy, and ensuring public services are increasingly adaptive to the needs of the public and the business world," he said.   Meanwhile, Secretary of the Ministry of Investment and Downstreaming/Principal Secretary of the Investment Coordinating Board (BKPM), Rudy Salahuddin, explained that the performance assessment of PTSP and PPB aims to evaluate the quality of licensing services while encouraging the standardization of investment services throughout Indonesia.   The 2026 assessment involved 571 assessment objects consisting of 25 ministries/institutions and 546 local governments, covering 38 provinces, 415 districts, and 93 cities.   "The evaluation results show that there are still a number of challenges that require attention, particularly regarding strengthening the competency of human resources in licensing services," he said.   [Source]

Sep, 23 2026
West Java Provincial Government Explores Cooperation with Chinese Investors for the Development of TPPAS Cirebon Raya

West Java Provincial Government Explores Cooperation with Chinese Investors for the Development of TPPAS Cirebon Raya

PRFMNEWS - In an effort to handle waste in the Cirebon Raya area, the West Java Provincial Government (Pemprov) will maximize the Cirebon Raya Waste Processing and Final Processing Site (TPPAS).   In optimizing the Cirebon Raya TPPAS, the West Java Provincial Government plans to apply incineration technology.   Related to this, West Java Regional Secretary Herman Suryatman received a visit from the Zhejiang Weiming Environment Protection team from China and the ranks of the Coordinating Ministry for Maritime Affairs and Investment of the Republic of Indonesia at West Java International Airport (BIJB) Kertajati, Majalengka Regency, Monday, July 22, 2024.   The meeting was a follow-up to a working visit on June 13-16, 2024 to Shanghai, China, related to waste treatment with incineration technology.   “We received the Zhejiang Weiming Environment Protection team along with the Kemenko Marves team. This is a follow-up to the working visit the other day to Shanghai, China related to waste management using incineration technology,” he said.   Herman revealed, at the two-hour meeting, Zhejiang Weiming Environment Protection offered incineration waste processing without tipping fees.   This can be explored more deeply as one of the technology options for the Cirebon Raya Waste Processing and Final Processing Site (TPPAS).   “They are exploring the possibility of investing in waste to energy in Cirebon Raya,” said Secretary Herman.   After the meeting, the Zhejiang Weiming Environment Protection together with the Kemenko Marves RI team and the West Java Provincial Government officials visited the Cirebon Raya TPPAS candidate plan in Walahar Village, Gempol District, Cirebon Regency.   SOURCE

Jul, 24 2024
Raup Rp60 T Jawa Barat Masih Jadi Tujuan Investasi Terbesar

Raup Rp60 T Jawa Barat Masih Jadi Tujuan Investasi Terbesar

Jakarta, CNBC Indonesia - Daerah Jawa Barat masih menjadi tujuan investasi terbesar sepanjang 2021, bersaing ketat dengan DKI Jakarta. Mengutip paparan Menteri Investasi/Kepala BKPM Bahlil Lahadalia, realisasi investasi sepanjang 2021 mencapai Rp901 triliun melebihi angka yang ditargetkan. Porsi penanaman modal asing (PMA) sebesar 50,4% lebih besar dari Penanaman Modal Dalam Negeri (PMDN) yang sekitar 49%. Adapun realisasi penanaman modal di luar Jawa masih lebih besar sebesar RP468,2 triliun atau dengan porsi 52%, dibandingkan dengan di Jawa senilai Rp432 triliun (48%).   Secara rinci 5 besar daerah yang menjadi tujuan investasi terbesar antara lain: 1. Jawa Barat Rp59,9 triliun 2. DKI Jakarta Rp 54,7 triliun 3. Jawa Timur Rp52,5 triliun 4. Jawa Tengah Rp31,3 triliun 5. Kalimantan Timur Rp30,2 triliun. Bahlil menjelaskan, realisasi investasi terbesar sejak kuartal-III tahun 2020 dipimpin luar pulau Jawa. Hal ini dikarenakan dampak dari pembangunan infrastruktur yang masif sejak periode Presiden Joko Widodo dan Jusuf Kalla. "Syarat investasi memang fasilitas harus menunjang," jelasnya. Dia juga mendapat mandat dari presiden agar pemerataan investasi terjadi sehingga tidak terpusat di pulau Jawa. Sementara khusus pada kuartal keempat tahun 2021, wilayah DKI Jakarta menduduki posisi pertama realisasi investasi terbesar. Secara rinci 5 besar daerah yang menjadi tujuan investasi terbesar antara lain: 1. Jawa Barat Rp59,9 triliun 2. DKI Jakarta Rp 54,7 triliun 3. Jawa Timur Rp52,5 triliun 4. Jawa Tengah Rp31,3 triliun 5. Kalimantan Timur Rp30,2 triliun.

Jan, 28 2022

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