JAKARTA – On Tuesday, February 18, foreign investor transactions on the Indonesia Stock Exchange went back into the red zone and displayed a strong sell-off in shares.

A total of 3.47 billion shares were purchased by foreign investors, sometimes known as "foreign buys." Foreign investors had a net sell of 1.01 billion shares, with a sales volume (foreign sell) of 4.49 billion shares.

With a net sell of 897.89 million shares, PT GOTO Gojek Tokopedia Tbk (GOTO), the parent issuer of digital services, topped the list of top sellers. With 2.30 billion shares sold and 1.40 billion bought, GOTO's foreign sell volume was the largest of the day.

A net sell of 166.56 million shares was also made by PT Bumi Resources Tbk (BUMI), the mining company's parent issuer. With a net sell of 78.53 million shares, PT Bumi Resources Minerals Tbk (BRMS), its subsidiary in the mineral mining industry, also made the list.

Approximately 176.25 million BRMS shares and 184.50 million BUMI shares were sold by foreign investors. But BRMS's buy volume—97.71 million shares—was greater than BUMI's, which was 67.94 million shares.

Then, a net sell of 97.27 million shares was made to PT Erajaya Swasembada Tbk (ERAA), a retailer of gadgets and mobile phones. Nearly 100 million shares were purchased, and its sales volume was 197.23 million.

The digital advertising firm PT Solusi Sinergi Digital Tbk (WIFI), commonly referred to as Surge, concluded the top sell list. With a net sell of 37.17 million shares, foreigners released 41.77 million shares of this issuer.

With a net buy of 103.68 million shares, national bank PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) topped the list of top buys. PT Telkom Indonesia Tbk (TLKM), another state-owned business, also made an appearance on the list with a net buy of 34.09 million shares.

Foreign investors purchased 226.25 million shares of BBRI and sold 122.57 million shares, while foreign investors purchased 99.06 million shares of TLKM and sold over 65 million shares.

PT Darma Henwa Tbk (DEWA) and PT J Resources Asia Pasifik Tbk (PSAB) followed with net buys of 48 and 42 million shares, respectively. PSAB's foreign purchase volume was 152.50 million, while PSAB's was 42.03 million shares. The shares of both issuers are involved in the mining industry.

Finally, mass media and broadcasting issuer PT Surya Citra Media Tbk (SCMA) closed the top buy list with a net buy of almost 30 million shares after 33.40 million of its shares were bought by foreigners. (KD)

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