JAKARTA - Foreign investors were recorded selling shares, with a total foreign selling volume of around 3.94 billion shares on Thursday, October 26. Meanwhile, foreign buying volume was only around 2.02 billion shares, resulting in a drop of net foreign to -1.92 billion shares. The most widely sold shares belonged to the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), which were sold for 2.08 billion shares with a net volume of 1.42 billion shares. Shares of the household goods retail company PT Ace Hardware Indonesia Tbk (ACES) then became the shares with the highest net volume, namely 16.34 million shares, after foreign investors bought around 52.42 million shares.

The share purchase transaction was then continued with purchases from three different issuers, resulting in a net volume of less than 15 million shares. PT Bumi Resources Tbk (BUMI) shares were purchased for as many as 49.84 million shares, with a net volume of 13.33 million shares. Then, about 34.70 million shares of PT Bank Negara Indonesia (Persero) Tbk (BBNI) were also bought, for a net volume of 12.87 million shares. This was then followed by the purchase of 34.48 million shares of PT Smartfren Telecom Tbk (FREN) for a net volume of 11.90 million shares. With a net volume of 10.53 million shares, the share purchase list was closed with the purchase of 29.87 million shares of PT Medco Energi Internasional Tbk (MEDC), which works in the oil and gas exploration and production industry.

Foreign investors were seen selling 236.41 million shares of the state-owned banking institution, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), for a net volume of -171.72 million shares on the top-selling list. With a net volume of -58.57 million shares, approximately 65.18 million shares of PT MNC Vision Networks Tbk (IPTV), which focuses on the subscription television broadcasting market, were also sold. The sale of shares in PT Astrindo Nusantara Infrastruktur Tbk (BIPI) and PT AKR Corporindo Tbk (AKRA) both resulted in a net volume in the range of -30 million shares, where foreign investors sold 36.53 million shares of BIPI, which operates in the coal mining infrastructure industry, and 46.78 million shares of AKRA, which operates in the fuel distribution sector. (KD)

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