JAKARTA - Bank of Singapore Limited, a foreign investor, acquired 293.77 million shares of PT Bank Amar Indonesia Tbk (AMAR) on Friday, October 11, bringing the total number of shares to 1.90 billion. The purchase of shares via Citibank, N.A. instantly increased the Bank of Singapore's ownership stake in this digital bank from 8.78% to 10.38%. Additionally, with the final share portion of 5.17%, this investor also acquired 123,700 shares of the financing company PT Buana Finance Tbk (BBLD).

Zurich Assets International Ltd., a foreign investor, then purchased 8.32 million shares of PT Sumber Energi Andalan Tbk (ITMA), a company that offers mining and energy consulting services, bringing its total ownership to 13.71%. Following suit, Morgan Stanley And Co International Plc acquired another 66,100 shares of the production company PT MD Entertainment Tbk (FILM), with a final stake of 14.63%. On top of that, 7.80 million shares of PT Maxindo Karya Anugerah Tbk (MAXI) were purchased by domestic investor PT Karya Nusa Perdana. MAXI produces snacks made from tropical tubers like sweet potatoes and cassava.

However, Ferry Saputra, an individual investor in PT Dewi Shri Farmindo Tbk (DEWI), sold 23.72 million shares of the issuer in the broiler chicken sector, resulting in the biggest share reduction this time. PT Sinar Mas Cakrawala, a controlling investor, then sold nearly 13 million shares of financial services provider PT Sinar Mas Multiartha Tbk (SMMA) after PT Samuel Tumbuh Bersama released more than 19.44 million shares of palm oil producer PT Nusantara Sawit Sejahtera Tbk (NSSS).

Shares are also being sold by foreign investors. CGS International Securities Singapore Pte Ltd sold as many as 2.11 million shares of PT Wilton Makmur Indonesia Tbk (SQMI), a gold exploration and mining company. Last but not least, UOB Kay Hian (Hong Kong) Ltd sold 447,000 shares of PT Pollux Hotels Group Tbk (POLI), an issuer involved in the real estate and property industry. (KD)

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