JAKARTA. Foreign net buy recorded yesterday (3/12) finally ended the consecutive foreign outflows since the first week of November.

The foreign inflow reportedly reached IDR 2.08 trillion last Monday (2/11), equal to USD 130.42 million. It is the highest foreign net buy recorded since September 19, 2024.

According to data compiled by IDNFinancials, PT GoTo Gojek Tokopedia Tbk (GOTO) recorded the highest foreign net buy last Monday, reporting net purchase of 1.16 billion shares.

In addition, foreign investors also showed interest in blue-chip stocks. Following the foreign net buy of GOTO that arrived at the first place with 1.16 billion shares, PT Barito Pacific Tbk (BRPT) reported net purchase of 198.93 million shares, then PT Telkom Indonesia (Persero) Tbk (TLKM) of 42.09 million shares, and PT Bank Mandiri (Persero) Tbk (BMRI) of 23.07 million shares.

An analyst from PT Stockbit Sekuritas Digital mentioned that it is still too early to conclude that foreign investors are coming back to Indonesia. However, the break in foreign outflow trend is surely deemed as a positive signal. (KR/ZH)