JAKARTA - GOTO's share movement reversed after several days of decline. On Thursday, February 22, the volume of foreign purchases of GOTO shares finally surpassed sales. Foreign investors purchased 1.34 billion shares of PT GoTo Gojek Tokopedia Tbk (GOTO), for a net volume of 252,381,800 shares. For the total daily volume, foreign buys accounted for 2.34 billion, while foreign sells accounted for only 2.21 billion. Finally, net foreign volume was positive at 133,606,900 pieces.

Following GOTO, foreign investors purchased shares of the national bank, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), as many as 82.39 million shares, although the net volume was only around 22.56 million shares. PT Telkom Indonesia (Persero) Tbk (TLKM) shares were also purchased for 48.98 million, with a net volume of 17.63 million shares. Furthermore, foreign investors purchased 37.05 million shares of gold jewelry issuer PT Hartadinata Abadi Tbk (HRTA), scoring the highest net volume of 36.15 million. They also purchased 15.58 million shares of PT Smartfren Telecom Tbk (FREN), but the foreign sales are so small that the net volume is quite high proportionally at 14 million shares.

PT MNC Kapital Indonesia Tbk (BCAP), on the other hand, replaced GOTO as the share with the lowest net volume with -21.58 after foreign investors sold 22.42 million shares. Nonetheless, with 70.81 million shares sold by foreigners, PT Bumi Resources Tbk (BUMI) had the highest volume of share sales. BUMI's net volume is slightly lower than BCAP's, at around -20.89 million shares. Interestingly, the next three issuers, PT Surya Permata Andalan Tbk (NATO), PT Bukalapak.com Tbk (BUKA), and PT Astrindo Nusantara Infrastruktur Tbk (BIPI), were sold by foreign investors in similar volumes, around 20 million shares. The net volume of the three is also not that different, falling somewhere between minus 15 and 19 million shares. (KD)

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