JAKARTA - Two major shareholders in PT Bintang Samudera Mandiri Lines Tbk (BSML) made the decision to increase their stake in this shipping and logistics company on Friday, August 16. PT Goldfive Investment Capital first bought 18.18 million shares through PT Yuanta Sekuritas Indonesia, increasing its shareholding from 45.76% to 46.74%. Subsequently, PT Sanca Griya Modalindo procured an additional 103,800 shares, elevating its stake to 6.02% from its previous holding of 6.01% in BSML.

After that, PT APP Purinusa Ekapersada bought an extra 30 million shares in PT Indah Kiat Pulp & Paper Tbk (INKP), a company that makes paper and cardboard packaging, increasing its ownership stake to 16.07%. Ram Jethmal Punjabi also bought ten million shares in the production house PT Tripar Multivision Plus Tbk (RAAM), increasing his ownership to approximately 77.21%. It was also observed that PT Elang Mahkota Teknologi Tbk, the controller of PT Sarana Meditama Metropolitan Tbk (SAME), had acquired 7.63 million shares in the private hospital operator.

By contrast, 2.88 million shares of PT Sinar Mas Multiartha Tbk (SMMA) were actually released by PT Sinar Mas Cakrawala, the controller of this financial services provider. Next, 48 thousand shares of PT Dosni Roha Indonesia (ZBRA), an end-to-end supply chain solutions company, were released by PT Maybank Sekuritas Indonesia. Faadhil Irshad then sold 10,000 shares of PT Duta Pertiwi Nusantara Tbk (DPNS), a formaldehyde and glue producer.

Fidelity Funds recorded a reduction in shares from foreign investors by selling 71,900 shares of PT Fast Food Indonesia Tbk (FAST), the Indonesian franchise issuer of Kentucky Fried Chicken (KFC). Ultimately, 61,300 shares of the production company PT MD Pictures Tbk (FILM) were sold by Morgan Stanley And Co International Plc. (KD)

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