JAKARTA - On Wednesday, July 12, net foreign volume was boosted by a large volume of shares of technology company PT GoTo Gojek Tokopedia Tbk (GOTO) purchased by foreign investors. GOTO shares accounted for nearly 740 million of the total 2.46 billion shares purchased by foreigners. Foreign sales alone totaled 1.99 billion shares, resulting in a net foreign volume surplus of 475,427,200 shares this time. GOTO also had the highest net volume, with 290.15 million shares reported. Meanwhile, foreign investors sold 68.58 million shares of palm oil producer PT Nusantara Sawit Sejahtera Tbk (NSSS), making it the lowest net volume at -29.20 million.

Furthermore, foreign investors purchased more than 100 million shares of an IT company, PT Wir Asia Tbk (WIRG), with a net volume of 55.88 million shares. Both private bank PT Bank Central Asia Tbk (BBCA) and property developer PT Kawasan Industri Jababeka Tbk (KIJA) then reported net volumes in the 35–37 million share range. The two issuers' sales volumes were also similar, with 58.56 million BBCA and 41.78 million KIJA. Furthermore, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) reported relatively high foreign sales, totaling 92.53 million shares, but the net volume was less than 30 million shares this time.

Other issuers on the top sell list reported negative net volume ranging from minus 15 to 22 million shares. PT TBS Energi Utama Tbk (TOBA) reported a net volume of -22.61 after 22.68 million of its shares were sold to foreigners with very little purchase. Foreigners also sold nearly 24 million shares of property leasing company PT Intiland Development Tbk (DILD), with a net volume of around -20.34 million. The last two issuers on this list, the oil and gas exploration company PT Medco Energi Internasional Tbk (MEDC) and the finance company PT Clipan Finance Indonesia Tbk (CFIN), both had net volumes of around minus 15–17 million shares, though CFIN's sales volume (26.74 million shares) was higher than MEDC's (18.76 million). (KD)

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