JAKARTA - Foreign buy and sell volumes on Friday, May 17, were both in the range of 4 billion shares, with foreign buying volume at 4.37 billion shares and foreign selling volume at 4.46 billion shares. As a result, net foreign volume ended slightly in the red, at -93.37 million shares. The top stock on the top buy list belongs to the telecommunications company PT Smartfren Telecom Tbk (FREN), which was purchased for 85.36 million shares at a net volume of 52.06 million. On the top-selling list, shares of the e-commerce company PT Bukalapak.com Tbk (BUKA) were at the top, with a sales volume of 238.59 million shares and a net volume of -188.67 million shares.

In addition to BUKA, 136.55 million shares of PT Bumi Resources Tbk (BUMI) were sold in the coal mining industry, and the net volume was 94.25 million shares. Shares of the state-owned telecommunications company PT Telkom Indonesia (Persero) Tbk (TLKM) were then sold for 77.65 million shares with a net volume of -46.08 million shares, and the share sales then continued with the sale of 119.70 million shares of the integrated media company PT Media Nusantara Citra Tbk (MNCN), whose net volume was -38.01 million shares. Furthermore, without any share purchases at all, 21.08 million shares of PT Xolare RCR Energy Tbk (SOLA), a company that trades asphalt and provides construction services, were sold. As a result, the net volume was also -21.08 million shares.

In contrast, up to 114.17 million shares of PT Merdeka Battery Materials Tbk (MBMA), a manufacturer of batteries for electric vehicles, were bought, resulting in a net volume of 43.63 million shares. In the banking sector, foreign investors bought 143.89 million shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) with a net volume of 35.18 million shares and 88.75 million shares of PT Bank Central Asia Tbk (BBCA) with a net volume of 33.28 million shares. At the end of the list, foreign investors acquired 29.87 million shares of PT Astrindo Nusantara Infrastruktur Tbk (BIPI), the energy resources infrastructure company, leaving a net volume of 25.38 million shares. (KD)

Find the most recent net foreign volume only in IDNFinancials.