JAKARTA - Foreign stock purchases remained relatively quiet on Monday, June 26. Foreign investors only purchased approximately 1.68 billion shares of Indonesian issuers but sold approximately 2.12 billion shares, bringing the foreign net volume once again into negative territory with -433,834,700 shares. Not surprisingly, PT GoTo Gojek Tokopedia Tbk (GOTO), which had a sales volume of 880.93 million shares, had the lowest net volume, at -541.07 million shares. Meanwhile, PT Bumi Resources Tbk (BUMI), whose shares were purchased by foreigners for as many as 179.81 million shares, had the highest net volume at 165.60 million shares.

Moreover, PT Buana Lintas Lautan Tbk (BULL) followed GOTO on the top sell list, with a net volume of -36.30 million shares after foreign investors sold 41.78 million shares of this oil and gas tanker issuer. PT Smartfren Telecom Tbk (FREN) came in next with 57.66 million shares sold and a net volume of -30.78 million shares. The next two issuers, financial services issuer PT MNC Kapital Indonesia Tbk (BCAP) and minimarket company PT Sumber Alfaria Trijaya Tbk (AMRT), both reported net volumes in the range of negative 25–26 million shares, with sales volumes of around 33.06 million BCAP and 46.79 million AMRT.

Meanwhile, PT Bumi Resources Minerals Tbk (BRMS) followed its parent company BUMI to the top of the buy list, with a purchase volume of 32.16 million and a net volume of nearly 30 million shares. Foreign investors actually purchased more shares of PT Bukalapak.com Tbk (BUKA) than BRMS, totaling 74.55 million shares, but the net volume was only around 28.51 million shares. Finally, national bank PT Bank Mandiri (Persero) Tbk (BMRI) and financing company PT Mandala Multifinance Tbk (MFIN) each reported a net volume of around 25 million shares after foreign investors purchased approximately 53.53 million BMRI and 36.57 million MFIN, respectively. (KD)

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