JAKARTA - The Financial Services Authority (OJK) reported that foreign investors carried out a net foreign sell of IDR 23.34 trillion in the last one month of trading, and this condition is in line with the weakening of the Composite Stock Price Index (IHSG).
The Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Board of OJK, Hasan Fawzi, said that the domestic stock market moved quite dynamically throughout March 2026.
He added that the movement was also influenced by global and regional conditions, especially due to the increasing geopolitical tensions in the Middle East region which also contributed to the rise in world energy prices.
He explained that the JCI had declined by more than 14 percent in the past month, but Indonesia's capital market was still showing resilience amid global and domestic economic pressures.
"The JCI at the end of March was recorded to close at the level of 7,048.22 or corrected by 14.42 percent month-to-month. However, in the midst of this dynamic, the resilience and liquidity in the domestic capital market as a whole can still be maintained well. Foreign investors recorded net sales in the stock market worth Rp23.34 trillion month-to-month," said Hasan in a press conference on the results of the OJK Board of Commissioners Meeting virtually, Monday, April 6.
Hasan added that the increase in net foreign sell actions was mainly influenced by transactions in the negotiation market on a number of stocks on the Indonesia Stock Exchange (IDX).
In the bond market, performance also experienced pressure, namely the Indonesia Composite Bond Index (ICBI) was recorded as falling 2.03 percent to 433.16 on a monthly basis, or weakening 1.74 percent year to date.
Meanwhile, in the State Securities (SBN) market, non-resident investors also carried out net selling of IDR 21.80 trillion in the past month, and this condition was triggered by an increased perception of risk due to global uncertainty.
In the investment management sector, performance tends to follow the market trend during March 2026, but with a more moderate decline.
Meanwhile, the net asset value (NAB) of mutual funds was recorded at Rp695.71 trillion or down 2.51 percent on a monthly basis, but still recorded a positive growth of 3.02 percent year to date.
"The sustainability of NAB's performance is supported by a significant net subscription year to date of IDR 29.12 trillion," he said.
On the other hand, the number of domestic capital market investors continues to increase where as of March 2026, there were an additional 1.78 million new investors, bringing the total number of investors to 24.74 million or a 21.51 percent growth year to date.
"The domestic capital market continues to play an important role as a source of long-term financing for the business world," he explained.
Until the end of March 2026, said Hasan, the total fundraising in the capital market has reached IDR 51.96 trillion, with 53 public offering plans still in the pipeline and for securities crowdfunding (SCF), the funds that were successfully collected in March 2026 were recorded at IDR 18.07 billion.
Meanwhile, in the financial derivatives market, the transaction volume reached 34,480 lots with a frequency of 308,260 transactions.
Meanwhile, in the carbon exchange, the number of registered service users reached 153 parties, and throughout March 2026, there was an additional transaction volume of 43,117 tons of carbon dioxide equivalent (TCO2e), with a total accumulated transaction value of IDR 93.71 billion.
"Regarding the impact of the global dynamics of OJK, of course, we will continue to monitor market movements and coordinate with SROs and all business actors in an effort to take the necessary policy measures," he concluded.
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