exellent crabVietnamese crab exporter

BCA Stock Sinks to Lowest Level in Five Years

Erta Darwati
June 5, 2026 | 6:08 pm
SHARE
Bank Central Asia headquarters office in Jakarta. (Photo Courtesy of BCA)
Bank Central Asia headquarters office in Jakarta. (Photo Courtesy of BCA)

Jakarta. Shares of Indonesia's largest private lender, Bank Central Asia Tbk (BCA), tumbled to their lowest level in about five years on Friday as market rout and persistent foreign selling weighed heavily on the country's blue-chip stocks.

BCA's shares, traded under the ticker BBCA, closed down 6.45% at Rp 5,075, extending their weekly decline to 10.5%.

The selloff mirrored a sharp downturn in Indonesia's benchmark Jakarta Composite Index falling 4.2%, or 245 points, to 5,594.7.

Trading data showed around 572.6 million BBCA shares changed hands in 98,350 transactions, generating turnover of approximately Rp 2.96 trillion ($164 million).

ADVERTISEMENT

Foreign investors remained aggressive sellers, recording net sales of about Rp 490.5 billion in BBCA shares during Friday's session. Year-to-date, cumulative foreign net selling in the stock has reached roughly Rp 31.3 trillion.

Analysts at BRI Danareksa Sekuritas said the stock remains locked in a bearish trend after confirming a head-and-shoulders pattern on its weekly chart, a technical formation often associated with further downside risks.

The brokerage said that selling pressure continues to dominate, with trading volumes increasing during price declines while the moving average convergence divergence (MACD) indicator remains negative.

According to the firm, BBCA is approaching a key support zone between Rp 4,775 and Rp 4,100, where buying interest could begin to emerge. However, the brokerage said the downtrend is likely to persist unless the stock can reclaim the Rp 5,700-6,000 range.

Despite the sharp decline in its share price, BCA's underlying business performance remains solid. The bank posted first-quarter 2026 net profit of Rp 14.68 trillion, up 4% from a year earlier, underscoring the resilience of its core operations even as investor sentiment toward Indonesian assets deteriorates.

Tags: Keywords:
SHARE

Related Articles


Business 6 hours ago

Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms

Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
Business Jun 19, 2026 | 5:06 pm

OJK Moves to Reassure Investors After MSCI Downgrades Information Flow

Indonesia said MSCI's transparency concerns validate ongoing reforms, while maintaining confidence in market access.
Business Jun 19, 2026 | 4:08 pm

JCI Ends Flat-to-Higher as MSCI Review Caps Gains

JCI rose 0.08% after a volatile session as investors weighed MSCI transparency concerns and Fed rate risks.
Business Jun 19, 2026 | 3:11 pm

Analyst: MSCI Report Is About More Than Indonesia's Emerging Market Status

MSCI's latest review flagged transparency and information flow gaps that could weigh on investor confidence in Indonesia.
Business Jun 19, 2026 | 9:07 am

Jakarta Stocks Weigh BI Rate Hike, MSCI Transparency Concerns

Indonesia kept its MSCI emerging market status, but concerns over transparency and market integrity weighed on stocks.
Business Jun 19, 2026 | 8:26 am

MSCI Retains Indonesia as Emerging Market, Warns on Market Transparency

MSCI kept Indonesia in its emerging market index but flagged persistent concerns over transparency and FX access.
Business Jun 18, 2026 | 11:23 pm

New IDX Chief Pledges Stronger Governance After Market Volatility

New IDX chief Jeffrey Hendrik pledges stronger governance and transparency after MSCI-related market volatility.
Business Jun 18, 2026 | 4:00 pm

JCI Drops 0.78% as BI Raises Rates and Investors Await MSCI Review

Jakarta stocks fell 0.78% after BI raised rates to 5.75%, while investors awaited MSCI's market review.
Business Jun 18, 2026 | 2:25 pm

OJK Nominates Seven IDX Directors, Jeffrey Hendrik Set to Remain CEO

Jeffrey would be appointed President Director of the Indonesia Stock Exchange after serving in an acting capacity.
Business Jun 18, 2026 | 9:05 am

Jakarta Stocks Retreat Ahead of Triple Market Tests: BI, MSCI and FTSE

JCI fell 0.46% as investors awaited Bank Indonesia's rate decision and key MSCI and FTSE index reviews.

The Latest


Business 1 hours ago

PLN Rushes Coal Supplies After Power Outages Hit Java

PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.
Business 5 hours ago

Japan-Backed ADB Invests in Indonesia’s Human Capital

As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.
Business 6 hours ago

Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms

Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
News 6 hours ago

World Cup 2026: Paraguay Holds Off Turkey With 10 Men to Keep Knockout Hopes Alive

Matias Galarza scored after 65 seconds as 10-man Paraguay beat Turkey 1-0, eliminating the Turks and securing first place for the US.
News 7 hours ago

Don’t Just Sign: Indonesia Must Follow Up on Its International Deals

Ex-Deputy Foreign Minister Dino Patti Djalal says it's better to have just 10 agreements that are fully implemented.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED