JAKARTA - On Thursday, July 13, the controlling shareholder of PT Media Nusantara Citra Tbk (MNCN), PT Global Mediacom Tbk (BMTR), dumped 491.43 million shares. Because of the large number of shares sold, Global Mediacom's ownership of this integrated media company fell from 45.02% to 41.76%. Global Mediacom itself is Media Nusantara Citra's holding company. Interestingly, Global Mediacom's parent company, PT MNC Asia Holding Tbk, purchased 123.83 million shares of BMTR, giving it a 29.49% stake.

Following that, GOTO Peopleverse Fund completed the next share divestment. This foreign company based in the British Virgin Islands sold 57.36 million shares of PT GoTo Gojek Tokopedia Tbk (GOTO), leaving it with a 6.16% stake. Another foreign investor, Bank of Singapore Limited, sold 3.02 million shares of PT M Cash Integrasi Tbk (MCAS), a digital self-service kiosk provider. Then, Bintang Bara B.V., which released 12.45 million shares, and PT Toba Sejahtra, which disposed of 3.5 million shares, were both seen selling shares in the energy company PT TBS Energi Utama Tbk (TOBA).

Foreign investor Phillip Securities Pte Ltd, a brokerage firm based in Singapore, recently purchased 225.24 million shares of cassava-based food company PT Budi Starch & Sweetener Tbk (BUDI), with a 5.01% ownership percentage. PT Merdeka Energi Nusantara was also buying more shares of electric vehicle battery manufacturers, this time up to 5.25 million shares. Finally, both PT Delta Dunia Makmur Tbk (DOID) and PT Ramayana Lestari Sentosa Tbk (RALS) conducted share buybacks totaling 7.77 million DOID and 1.5 million RALS. (KD)

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