JAKARTA - On Wednesday, October 9, PT Elang Mahkota Teknologi Tbk, or EMTEK, purchased 10.36% of the shares of PT Bukalapak.com Tbk (BUKA). The media company became a new investor by purchasing 10.68 billion BUKA shares through PT Sucor Sekuritas and two additional securities. Bukalapak.com, in itself, is one of the most popular online shopping portals in Indonesia.

The next investor to purchase more shares was PT Sentosa Bersama Mitra, who purchased precisely 23 million shares of PT Rukun Raharja Tbk (RAJA), an integrated energy provider from upstream to downstream. Additionally, PT Avia Nusantara Khatulistiwa added one million shares of PT Jaya Trishindo Tbk (HELI), popularly known as Jati Group, to its portfolio. HELI shares are involved in commercial aviation, particularly in the rental of helicopters. By acquiring more than 17.50 million shares, Iwa Sukresno Karunia further solidified his position in PT Arkadia Digital Media Tbk (DIGI), a digital media platform and content creator. In addition, 14.27 million shares of property developer PT Lippo Karawaci Tbk (LPKR) were bought by foreign investor DBS Bank Ltd S/A PT Bank KEB Hana Indonesia.

Conversely, PT Samuel Tumbuh Bersama released 12.15 million shares of PT Nusantara Sawit Sejahtera Tbk (NSSS), the palm oil company, marking the largest share reduction this time around. Then, PT Tiga Makin Jaya sold ten million shares of PT Panca Mitra Multiperdana Tbk (PMMP), a company that processes and exports shrimp. PT Sinar Mas Cakrawala, the company's controlling shareholder, then sold 7.20 million shares of PT Sinar Mas Multiartha Tbk (SMMA), a provider of financial services.

A number of issuers also saw a decrease in the number of shares held by foreign investors. CGS International Securities Singapore Pte Ltd, for example, sold 3.07 million shares of PT Wilton Makmur Indonesia Tbk (SQMI), an issuer that deals in gold exploration and mining. Finally, two million shares of PT Sumber Mas Konstruksi Tbk (SMKM), a general contractor and interior design firm, were made available by Phillip Securities Pte Ltd. (KD)

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