JAKARTA - After purchasing 1.91 billion shares of property developer PT Modernland Realty Tbk (MDLN) the day before, PT Honoris Corporindo Pratama instead transferred these shares to PT Panin Sekuritas Tbk on Wednesday, November 20. At last, this new investor now owns 15.29% of MDLN's shares, compared to Honoris's 13.6% shareholding. The securities of PT Panin Sekuritas Tbk were also used in both transactions.

As the largest shareholder of financial services provider PT Sinar Mas Multiartha Tbk (SMMA), PT Sinar Mas Cakrawala subsequently bought 2.33 million more shares. Next, PT Nippon Indosari Corpindo Tbk (ROTI), which makes bread under the "Sari Roti" brand, bought back 1.02 million shares. Yulisar Khiat also added 2 million shares to his holdings in PT Medikaloka Hermina Tbk (HEAL), the operator of Hermina Hospital, while Sugiman Layanto purchased 1.1 million shares of PT Wintermar Offshore Marine Tbk (WINS), a company that provides transportation services to the oil and gas sector.

Similar to the day before, PT Samuel Tumbuh Bersama was observed disposing of 41.71 million shares of PT Nusantara Sawit Sejahtera Tbk (NSSS), a company that produces palm oil. Ferry Saputra, an individual investor, also released 18.70 million shares of PT Dewi Shri Farmindo Tbk (DEWI), a company that farms broiler chickens.

Then, by selling 1.13 million shares, foreign investor Six Sis Ltd decreased its stake in PT Delta Dunia Makmur Tbk (DOID), the parent company that provides coal mining contractor services. Last but not least, Fidelity Funds released 55,000 shares of PT Fast Food Indonesia Tbk (FAST), which runs KFC restaurants in Indonesia. (KD)

A news site with the most recent market hints is IDNFinancials!