JAKARTA - Trading by foreign investors was relatively stable at the end of the third week of January. The overall sum of shares purchased by foreigners was 2.53 billion, while the total amount sold was 2.13 billion. As a result, net foreign volume was optimistic on Friday, January 20, at 395,976,600. Once again, the net volume of PT GoTo Gojek Tokopedia Tbk (GOTO) was recorded as being higher than the daily volume, at 466,464,900, after foreign investors purchased a total of 1,450,086,200 GOTO shares.

Other shares that contributed to this time's volume surplus came from banking issuers: Bank KB Bukopin and Bank Rakyat Indonesia. Foreign investors initiated their purchases of 61.61 million shares of PT Bank KB Bukopin Tbk (BBKP) and 58.32 million shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI). BBKP's net volume reached 55.90 million shares, while BBRI's was only half of that at 26.73 million shares. Foreign investors also increased their budget to purchase 42.14 million shares of PT Merdeka Copper Gold Tbk (MDKA) and 34.64 million shares of PT Ace Hardware Indonesia Tbk (ACES). These two issuers recorded a net volume of approximately 22 to 23 million shares.

On the other hand, foreign investors dropped shares of PT Bumi Resources Tbk (BUMI) the most, totaling 150.61 million shares. BUMI also has the lowest net volume, with minus 69.52 million shares. Following that, foreigners sold 41.74 million shares of the property issuer PT Sentul City Tbk (BKSL) and 30.89 million shares of PT Dayamitra Telekomunikasi Tbk (MTEL), a telecommunications infrastructure issuer. The net volumes were -28.65 million BKSL and -23.38 million MTEL, respectively. Finally, PT Surya Citra Media Tbk (SCMA) and PT Garuda Indonesia (Persero) Tbk (GIAA) reported net volumes of nearly minus 20 million shares, after foreign investors sold 23.84 million SCMA shares and 19.42 million GIAA shares. (KD)

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