Included in MSCI list, BRMS shares sought after by investors
JAKARTA. Shares of PT Bumi Resources Minerals Tbk (BRMS) attracted the attention of foreign investors, following the announcement of the results of the rebalancing of the MSCI Indonesia Small Cap Index for November 25, 2024 yesterday.
In this rebalancing, PT Bumi Resources Tbk (BUMI) and BRMS were retained as index constituents. This was said by Dileep Srivastava, Independent Director and Corporate Secretary of BUMI, earlier this month.
BRMS's weight in the MSCI Indonesia Small Cap Index was recorded at 4.82%, the highest among the other 9 constituents. Meanwhile, BRMS's float adjusted market cap was recorded at US$1.33 billion.
According to idnfinancials.com data, BRMS share prices since the beginning of this year have increased 11.64% or 44 points to a level of IDR 422 per share as of the close of trading today. The volume of BRMS shares traded was recorded at 681.43 million shares, with a value of IDR 280.81 billion and a trading frequency of 21,232 times.
In trading last Monday (25/11), foreigners bought up 218.3 million BRMS shares. With foreign sell of only 165.98 million shares, net foreign buy was recorded at 52.32 million shares. (KR/LM)