JAKARTA - On Wednesday, February 28, there were more than 5 billion shares purchased and sold by foreigners. Specifically, 5.71 billion shares were purchased by foreign investors, and 5.67 billion shares were sold, leaving a small surplus of 40.85 million shares in the net foreign volume.

This time, PT Estee Gold Feet Tbk (EURO), a business that fills household cleaning supplies and cosmetic aerosols, was the issuer with the largest net volume. The net volume was 232.60 million because foreigners purchased 232.63 million EURO shares without selling many of them. Conversely, 3.73 billion shares of PT GoTo Gojek Tokopedia Tbk (GOTO), a technology company, were sold by foreigners. Although there were quite large foreign purchases of GOTO, the net volume closed at a negative 205.53 million shares.

Following EURO, foreign investors sold 92.06 million shares of PT Sumber Energi Andalan Tbk (ITMA), a mining and consulting services company, with a net volume of 91.31 million. The electric vehicle trading and manufacturing issuer, PT VKTR Teknologi Mobilitas Tbk (VKTR), recorded a net volume of 72.16 million shares after a total of 113.48 million shares were also released. Additionally, 47.98 million shares of PT Smarfren Telecom Tbk (FREN), a provider of telecommunication services, and nearly 70 million shares of PT Astrindo Nusantara Infrastruktur Tbk (BIPI), an integrated energy infrastructure company, were sold by foreign investors. Both issuers then reported net volumes in the range of 29 million shares.

However, foreigners sold 173.85 million shares of the oil, gas, and mineral exploration and exploitation issuer, PT Bumi Resources Tbk (BUMI), resulting in a net volume of -86.24 million. With a net volume of -47.86 million and a foreign sales volume of 55.05 million shares, the aviation company PT Garuda Indonesia (Persero) Tbk (GIAA) came in next. The foreign investors apparently sold a substantial number of shares (216.07 million) of PT Humpuss Maritim Internasional Tbk (HUMI), the issuer of port and maritime services, but the net volume was only approximately -38.70 million shares. Lastly, the shares of PT Astra International Tbk (ASII), a company in the automotive industry, were sold for as many as 113.33 million shares, with a net volume of nearly -32 million. (KD)

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