JAKARTA - On Thursday, May 16, foreign investors purchased shares and recorded a foreign buying volume of up to 3.67 billion shares. Meanwhile, foreign sales volume was 3.50 billion shares, with the net foreign volume surplus at approximately 174.58 million shares. The media business PT Media Nusantara Citra Tbk (MNCN) had the most shares purchased, with 218.01 million and a net volume of 50.38 million. Apart from that, 77.55 million shares of the advertising and management consultancy company PT Era Media Sejahtera Tbk (DOOH) were purchased, resulting in the highest net volume of 56.76 million shares.

Around 47.18 million shares of PT Maharaksa Biru Energi Tbk (OASA), which operates in the renewable energy industry, were also purchased for a net of 45.88 million shares. In the property sector, 58.42 million shares of PT Summarecon Agung Tbk (SMRA) were purchased, for a net volume of 42.46 million shares. The final stock on the top buy list belongs to the media and telecoms business PT Global Mediacom Tbk (BMTR), which was purchased for 109.21 million shares with a net volume of 34.21 million shares.

On the other side, foreign investors sold 189.25 million shares of PT Smartfren Telecom Tbk (FREN), a telecommunications company, resulting in a net volume of -188.94 million shares. Share sales then continued with two banking companies, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and PT Bank Mandiri (Persero) Tbk (BMRI), with foreign investors selling 243.37 million BBRI shares for a net volume of -56.77 million shares and 92.87 million BMRI shares for a net volume of -23.10 million shares. The shares of property company PT Pakuwon Jati Tbk (PWON) were then sold for 68.83 million shares, with a net volume of -31.23 million. Finally, shares of PT Solusi Sinergi Digital Tbk (WIFI), which provides digital services and advertising, were sold for 39.16 million shares, resulting in a net volume of -30.92 million shares. (KD)

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