Bank Mandiri stock falls 0.95 percent as foreign selling intensifies

Published on 09/23/2026 at 02:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank Mandiri stock closed at IDR 4,160 on September 22, 2026, after a 0.95 percent decline. Foreign investors sold IDR 671.17 billion of BMRI shares.

Bank Mandiri, ID1000095003, Illustration mit AI erstellt.

Bank Mandiri stock (ISIN ID1000095003) closed at IDR 4,160 on the Indonesia Stock Exchange on September 22, 2026, down 0.95 percent from the previous close. The move came as foreign selling targeted Indonesia's largest banks ahead of the Bank Indonesia policy decision.

Foreign selling sets the tone

According to MSN on September 22, 2026, BMRI declined 0.95 percent to IDR 4,160 while foreign investors recorded net selling of about IDR 52.1 billion during the September 14 to September 18 period.

A larger figure was reported by Kompas on September 22, 2026, which put BMRI's net foreign selling at IDR 671.17 billion. The contrast between the multi-day figure and the session data shows how strongly the measurement period shapes the market narrative.

Policy risk meets heavy volume

The pressure was part of a broader market retreat before the September 22 to September 23, 2026 Bank Indonesia Board of Governors Meeting. Asia Today reported on September 22, 2026 that Bank Mandiri was among the banking shares under pressure while the previous BI Rate stood at 5.75 percent.

Trading activity also underlined the scale of the move. Tribunnews recorded BMRI turnover of IDR 515.00 billion and volume of 123.12 million shares at IDR 4,160 on September 22, 2026. That volume was materially higher than a routine low-liquidity session, making foreign flows and interest-rate expectations the more relevant near-term variables.

Stock closes at IDR 4,160

Bank Mandiri stock closed at IDR 4,160 on September 22, 2026, on the Indonesia Stock Exchange, with a daily change of minus 0.95 percent. The benchmark pressure was also broad: the Jakarta Composite Index fell 1.69 percent to 6,277.04 at the same close, according to Bisnis Indonesia.