JAKARTA - On Thursday, August 29, the foreign buying volume was 2.42 billion shares, which was higher than the foreign selling volume of roughly 2.29 billion shares. As a result, the net foreign volume totaled 129.84 million shares. The first place on the top buy list was the purchase of 224.89 million shares of PT Panin Financial Tbk (PNLF), a business and management consulting services provider, for a net volume of 168.47 million shares.

In addition, 493.31 million shares of digital company PT GoTo Gojek Tokopedia Tbk (GOTO) were purchased, for a net volume of 106.17 million shares. In the energy resources infrastructure sector, PT Astrindo Nusantara Infrastruktur Tbk (BIPI) shares were purchased for 89.89 million shares, for a net volume of 68.18 million shares. Furthermore, 84.08 million shares of the telecommunications company PT Telkom Indonesia (Persero) Tbk (TLKM) were also purchased, for a net volume of 45.79 million shares, followed by the purchase of 117.80 million shares of the banking company PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), for a net volume of 41.65 million shares.

On the top sell list, foreign investors were observed selling 56.95 million shares of the telecommunication company PT Smartfren Telecom Tbk (FREN) without purchasing any shares, resulting in a net volume of -56.95 million shares. Moreover, approximately 120.18 million shares of coal mining business PT Bumi Resources Tbk (BUMI) were sold, resulting in a net volume of -49.89 million shares. The sale of 61.71 million shares of precious metal mining firm PT Aneka Tambang Tbk (ANTM) and 58.54 million shares of banking company PT Bank KB Bukopin Tbk (BBKP) yielded a net volume of around -40 million shares apiece. The last shares sold were done to the electric vehicle battery manufacturer PT Merdeka Battery Material Tbk (MBMA), totaling 41.01 million shares, with a net volume of -39.55 million shares. (KD)

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