JAKARTA - GOTO and GIAA shares dominated foreign buy transactions on Thursday, February 16. Foreign investors were seen releasing 1,720,823,900 shares of PT GoTo Gojek Tokopedia Tbk (GOTO), followed by 556,462,200 shares of PT Garuda Indonesia (Persero) Tbk (GIAA). These two issuers also had very low net volumes, with -928,278.100 GOTO shares and -473,821,800 GIAA shares. These two figures accounted for nearly the entire net foreign volume this time, which closed at -1,579,569,400 shares. The total volume of foreign buy itself was 1,88 billion, while the total volume of shares sold was 3,46 billion.

Furthermore, the sale of 88.43 million shares of PT Bumi Resources Tbk (BUMI) with a net volume of -35.48 million shares also contributed to the low net foreign volume. Foreign investors then sold 32 million shares of two other issuers, PT MNC Kapital Indonesia Tbk (BCAP) and PT Ace Hardware Indonesia Tbk (ACES). As a result, BCAP's net volume was -31.42 million shares, while ACES had -29.81 million shares.

On the other hand, foreign buying does not appear to be significant. Foreigners bought only a small proportion of the best-selling shares, not even 50 million shares. Only 49.75 million shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and 33.49 million shares of PT Medco Energi Internasional Tbk (MEDC) were purchased by foreign investors, giving BBRI a net volume of 22.05 million shares and MEDC approximately 26.65 million. Foreign investors also purchased 31.85 million shares of PT Smartfren Telecom Tbk (FREN) and 30.52 million shares of PT Erajaya Swasembada Tbk (ERAA), resulting in a net volume of just under 20 million shares for each. Finally, foreigners purchased 22.39 million PT Barito Pacific Tbk (BRPT) shares, for a net volume of fewer than 14 million. (KD)

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