JAKARTA - The stock trading of foreign investors appears to be quite active at the start of the new month, Wednesday, March 1. While it's true that net foreign volume closed in the red zone, the volume was not excessive at around minus 176,282,000 shares. This figure represents the difference between the volumes of total foreign purchases (3.01 billion) and total foreign sales (3.19 billion). The biggest sales volume came from PT GoTo Gojek Tokopedia Tbk (GOTO) shares. Foreign investors sold 2.10 billion GOTO shares for a net volume of -110.85 million. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) shares, on the other hand, earned the most foreign purchases, with 78.32 million, and a net volume of 42.96 million shares.

Following GOTO, 80.04 million shares of PT Garuda Indonesia (Persero) Tbk (GIAA) were sold, bringing the net volume to -55.65 million. After that, foreign investors sold 46.81 million shares of PT Barito Pacific Tbk (BRPT) and 32.50 million shares of PT Energi Mega Persada Tbk (ENRG), for a net volume of around minus 32-34 million shares for each issuer. Foreign investors then released more than 55 million shares of PT Bank Central Asia Tbk (BBCA) with a net volume of -30 million.

PT Smartfren Telecom Tbk (FREN) shares, on the other hand, trailed BBRI on the top-buy list. With a net volume of 24.53 million shares, FREN shares were purchased with a total of 57.50 million pieces. PT Merdeka Copper Gold Tbk (MDKA) and PT Bank Amar Indonesia Tbk (AMAR) also reported net volumes of around 20–22 million shares, as foreign investors purchased 33.07 million shares of MDKA and 21.21 million shares of AMAR, respectively. Finally, after selling 27,36 million shares to foreign markets, cigarette issuer PT Hanjaya Mandala Sampoerna Tbk (HMSP) appears to be quite appealing to foreigners. (KD)

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