JAKARTA - The shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) strengthened at the closing bell on the stock exchange, yesterday (1/3). The strengthening of share prices was accompanied by investor action to hold back the sale of the shares of the state-owned bank issuer.

Data compiled by idnfinancials.com on Thursday (2/3), BBRI recorded a net foreign of 42.96 million. This achievement is above the share transactions of other issuers, such as PT Smartfren Telecom Tbk (FREN) which is in the runner up position in net foreign 24.53 million.

BBRI recorded foreign buy and sell at 78.32 million and 35.36 million shares, respectively. Foreign investors’ action to collect BRI shares is related to the hope that the issuer's share price will continue to strengthen. The issuer's shares proved to be strong until the end of the transaction, closing at IDR 4,720.

BRI shares had touched the highest position at IDR 4,750 per share and the lowest at IDR 4,700 per share. This price is still below the highest price in the previous transaction (1/3) at Rp 4,790 per share. The lowest price and closing price for BRI shares are Rp 4,670 per share, respectively. (LK/LM)