JAKARTA - Foreign investor purchase transactions fell dramatically on Monday, February 13, compared to the previous days. The total foreign buy volume was only 250.19 million shares, while the total foreign sell volume was 4.65 billion shares. As a result, net foreign trading volume was extremely low, with negative 4.40 billion shares. Foreign investors were seen selling 3.56 billion of PT GoTo Gojek Tokopedia Tbk (GOTO) shares, resulting in the lowest net volume this time of -2.15 billion.

Foreigners did not sell in large quantities the other shares that followed GOTO. Only 85.93 million PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and 45.48 million PT Media Nusantara Citra Tbk (MNCN) shares were released, for a net volume of -28.98 million BBRI and -26.13 million MNCN. Furthermore, two other issuers were sold with even lower volumes by foreign investors: around 34.21 million PT Indosat Tbk (ISAT) and 26.60 million PT Garuda Indonesia (Persero) Tbk (GIAA). Both net volumes are in the negative 21 to 22 million share range.

The highest foreign spending, on the other hand, was achieved by 46.84 million shares of PT Bumi Resources Tbk (BUMI) and 43.03 million shares of PT Ace Hardware Indonesia Tbk (ACES). With nearly 30 million shares, BUMI had the highest net volume, followed by ACES with around 25 million. PT Perusahaan Gas Negara Tbk (PGAS) is also popular among foreign investors, with 24.81 million shares purchased and a net volume of 22.10 million shares traded. PT Industri Jamu and Pharmacy Sido Muncul Tbk (SIDO) followed suit, with foreign purchases totaling 20.20 million pieces. Fortunately, foreign investors sold only a small number of SIDO shares, bringing the net volume to 19.37 million. Finally, foreign investors sold 16.8 million shares of PT Smartfren Telecom Tbk (FREN), resulting in a net volume of approximately 15 million shares. (KD)

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