JAKARTA - On Tuesday, May 7, PT Honoris Corporindo Pratama bought 2.31 billion shares of PT Modernland Realty Tbk (MDLN), a property developer. PT Panin Sekuritas oversaw the transaction, drastically increasing Honoris Corporindo's ownership from 7.07% to 25.55%.

Furthermore, an individual investor named Tumiyana added 375 million shares from the agricultural holding company PT Widodo Makmur Perkasa Tbk (WMPP) to his portfolio, increasing his share ownership to 32.78%. Investor Edwin Soeryadjaya also increased his stake in PT Saratoga Investama Sedaya Tbk (SRTG), albeit in a small volume of approximately 2.58 million shares. Mining holding company PT Delta Dunia Makmur Tbk (DOID) persisted in buying back 7.80 million shares, while PT Jinsheng Mining purchased 2.40 million shares of nickel mining company PT Central Omega Resources Tbk (DKFT).

Conversely, PT Abadi Kreasi Unggul Nusantara executed the largest share reduction, selling 150 million shares of the information technology company PT Sinergi Inti Andalan Prima Tbk (INET) with the assistance of PT Yuanta Sekuritas Indonesia. Tan John Tanuwijaya continued selling shares of PT Berdikari Pondasi Perkasa Tbk (BDKR), an issuer that specializes in foundations, this time for 9 million shares.

Investor Deputy Attorney General for Special Crimes at the Republic of Indonesia's Prosecutor's Office continued to sell 5.50 million shares of PT Totalindo Eka Persada Tbk (TOPS), also known as Totalindo, which is a building construction company. Finally, PT Sinar Mas Cakrawala sold 3.62 million shares of financial services provider PT Sinar Mas Multiartha Tbk (SMMA), while PT Tritirta Inti Mandiri sold approximately 3.84 million shares of furniture manufacturer PT Chitose Internasional Tbk. (KD)

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