JAKARTA - The trading volume of foreign investors did not appear to be high during the second weekend of February. The volume of shares purchased by foreigners was 1.63 billion, while the volume of shares sold was 1.26 billion. The good news is that, despite the quiet trading on Friday, February 10, the foreign net volume was positive at 363,523,300 shares. Surprisingly, PT GoTo Gojek Tokopedia Tbk (GOTO) shares received the highest net volume this time, with 170.13 million shares, after foreigners purchased 222.70 million shares. In contrast, foreign investors sold 41.17 million shares of PT Garuda Indonesia (Persero) Tbk (GIAA), resulting in the lowest net volume of -39.21 million shares.

Foreign investors also purchased 120.80 million shares of PT Bakrie & Brothers Tbk (BNBR), which was followed by 119.39 million shares of PT Bumi Resources Tbk (BUMI). BNBR had a net volume of 104.94 million shares, while BUMI had a slightly lower net volume of 88.56 million. However, foreign purchases of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) shares were actually more significant than those of the two issuers. Although foreign investors purchased 128.93 million BBRI shares, the net volume was only half that amount, at 68.22 million shares. Furthermore, foreign investors also purchased 51.45 million shares of PT Energi Mega Persada Tbk (ENRG).

On the other hand, foreign investors were reportedly selling 56.63 million shares of PT Ace Hardware Indonesia Tbk (ACES) and 57.71 million shares of PT Bumi Resources Minerals Tbk (BRMS). These two entities reported net volumes of -32.95 million ACES and -31.98 million BRMS. Moreover, PT Matahari Putra Prima Tbk (MPPA) and PT Unilever Indonesia Tbk (UNVR) both had a net volume of around negative 21 million shares after foreigners sold 22.54 million MPAA and 27.45 million UNVR shares. (KD)

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