JAKARTA - A substantial increase in shares was reported by investors in PT Kedawung Setia Industrial Tbk (KDSI) as a result of the company's 1:4 stock split. Investor PT Kitasubur Utama, which currently owns 78.49% of KDSI's shares, increased its holdings to over 1.27 billion shares on Monday, November 11. A rise in shares to 90.22 million was then recorded by Permadi Al Suharto, an individual investor in KDSI who held 5.57% of the company's shares. While its share portion actually decreased slightly from 6.82% to 6.08%, PT Hoki Investasi Sejati also reported a change in the number of its KDSI shares, specifically from 27 million to 98 million shares.

Foreign investor Matrix Company Limited later added shares by acquiring 2.66 million shares of gas company PT Samator Indo Gas Tbk (AGII). Bread manufacturer PT Nippon Indosari Corpindo Tbk (ROTI) subsequently purchased 610 thousand of its own shares.

However, investor PT Samuel Tumbuh Bersama released 42.79 million shares of palm oil producer PT Nusantara Sawit Sejahtera Tbk (NSSS), marking the largest share reduction this time. Foreign investor Phillip Securities Pte Ltd then sold two million shares of PT Sumber Mas Konstruksi Tbk (SMKM), a general contractor and interior design firm. Additionally, the Singaporean government divested in PT Bank Jago Tbk (ARTO), a digital bank, for as many as 914.418 shares.

Two foreign investors nevertheless once again chose to sell their shares in PT Triputra Agro Persada Tbk (TAPG), a palm oil and rubber company. Salween Investment Pte Ltd and Gochean Holdings Incorporated each sold 7.9 million TAPG shares, resulting in 7.23% and 5.25% final ownership, respectively. (KD)

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