JAKARTA - On Friday, October 18, PT Lingkar Matra acquired 20.39% of the shares of PT Communication Cable System Indonesia Tbk (CCSI). In order to get the share portion, this investor purchased 244.63 million shares of this high-end fiber optic cable manufacturer through PT Pluang Maju Sekuritas. Next, it was noted that PT Trimegah Sekuritas Indonesia Tbk had acquired 353.80 million shares of PT Energi Mega Persada Tbk (ENRG). This purchase grew Trimegah's share portion in the issuer involved in oil and gas exploration and trading from 12.98% to 14.41%, making it the purchase with the highest volume this time.

Following this, PT Karya Nusa Perdana acquired ten million shares in PT Maxindo Karya Anugerah Tbk (MAXI), a manufacturer of tuber snacks, and PT Sinar Mas Cakrawala acquired over 4.51 million shares in PT Sinar Mas Multiartha Tbk (SMMA), a provider of financial services. Seven hundred thousand shares of PT Jaya Trishindo Tbk (HELI), also referred to as Jati Group, were purchased by PT Startel Communication in the next purchase. This issuer is involved in commercial aviation, particularly the rental of helicopters.

On the other hand, UOB Kay Hian (Hong Kong) Ltd A/C Referral Client sold the most shares—33.77 million—of PT Golden Flower Tbk (POLU), a business involved in the garment industry that is focused on exports. INV Management Pte Ltd, another foreign investor, released additional shares of PT ITSEC Asia Tbk (CYBR), a business that offers information security solutions across multiple industries, totaling 1.97 million shares. Besides that, although there was no drop in the number of shares controlled, Ruhong Holding Pte Ltd also saw a drop in its ownership of PT Perma Plasindo Tbk (BINO), a manufacturer of Bantex stationery, from 88.32% to 88.29%.

Next, approximately 24.28 million shares of PT Rukun Raharja Tbk (RAJA), an issuer renowned for being an integrated energy provider from upstream to downstream, were sold by PT Zeze Ajuwel Tambang. Lastly, through PT MNC Sekuritas, Andreas Utomo, an individual investor in PT Aman Agrindo Tbk (GULA), a sugar producer, released two million GULA shares. (KD)

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