JAKARTA – Investors to cancel selling off PT Gojek Tokopedia Tbk (GOTO)’s shares while the price gets weakened during the transaction last week (10/2).

According to the data compiled by IDNFinancials on Monday (13/2), GOTO’s shares were closed at IDR 105. Throughout the day (10/2), the stock of this online transportation managing company showed minimal movement.

Hoping for high returns, investors swarmed over GOTO’s shares. Its foreign buy reached 222.70 million shares, while its foreign sell clocked up to 52.56 million shares. The transaction volume was recorded at 803.64 million, while the frequency reached 12,873 times with a total value of IDR 84.38 billion.

This round of purchase of GOTO’s shares was not as massive as the one in late January 2023, which recorded foreign buy of 801.29 million shares. At that time, its stock price dropped to IDR 112 per share, higher than the transaction price last week. (LK/ZH)