JAKARTA - On Monday, February 19, PT Satya Mulia Gema Gemilang acquired 405.35 million shares of PT Polychem Indonesia Tbk (ADMG), a company that manufactures chemicals and polyester. This new investor received immediate control over 10.42% of the shares through this transaction, which was handled by PT Equity Sekuritas Indonesia. In addition, the department store issuer PT Ramayana Lestari Sentosa (RALS) initiated a further buyback action of 5.42 million shares, while PT Arthakencana Rayatama acquired 4.86 million shares of PT AKR Corporindo Tbk (AKRA), which distributes fuel.

Next, a foreign investor Union Bancaire Privee, UBP SA Singapore Branch, increased its shareholding in two issuers once again. The purchase of 4.25 million shares of PT Bayu Buana Tbk (BAYU), an issuer of tourism services, and 3.92 million shares of PT Pioneerindo Gourmet International Tbk (PTSP), an issuer of the restaurant business, was made through foreign securities at BUT Standard Chartered Bank.

Nonetheless, several additional foreign investors were observed reducing the percentage of their holdings in Indonesian issuers. Once more, the GOTO Peopleverse Fund chose to sell 10.33 million shares of PT GoTo Gojek Tokopedia Tbk (GOTO), a technology issuer that deals with ride-hailing, e-commerce, and digital payment services. Additionally, 5 million shares of consumer finance company PT BFI Finance Indonesia Tbk (BFIN) were sold by an investor named DB Spore SES CLT A/C for NTAsian Discovery Master Fund. Furthermore, 2.80 million shares of PT Dayamitra Telekomunikasi Tbk (MTEL), a provider of telecommunications infrastructure, were released by Citibank Singapore S/A on behalf of the Singaporean government.

OCBC Sec Pte Ltd S/A Hudson River Group Pte Ltd sold 600,000 shares of the private general contractor company PT Nusa Konstruksi Enjiniring Tbk (DGIK) in a volume of fewer than 1 million shares, followed by the sale of 4,300 shares in the pharmaceutical and cosmetics product manufacturing and trading company PT Darya-Varia Laboratoria Tbk (DVLA) by Blue Sphere Singapore Pte Ltd. (KD)

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