JAKARTA - Foreign investor CGS International Securities Singapore Pte Ltd boosted its stake in PT Astrindo Nusantara Infrastruktur Tbk (BIPI), an energy infrastructure business, by 147.23 million shares on Thursday, December 19. The investor's share amount went up slightly from 16.15% to 16.38%. The same investor also made the decision to cut the number of shares of PT Indonesian Paradise Property Tbk (INPP), a property developer, by 1.15 million. Both transactions were carried out by PT CGS International Sekuritas Indonesia.

Additionally, PT Elang Mahkota Teknologi Tbk, the controller of the multimedia and television business PT Surya Citra Media Tbk (SCMA), purchased nearly 69 million shares of the company through PT Mirae Asset Sekuritas Indonesia. PT Saratoga Investama Sedaya Tbk then acquired 53.36 million shares of PT Merdeka Copper Gold Tbk (MDKA), a holding company for metal ore mining.

PT Primitias Ikota Jaya also acquired about 24.54 million shares of PT Tera Data Indonusa Tbk (AXIO). The issuer is a computer and spare component manufacturer under the Axioo brand. The cement firm PT Indocement Tunggal Prakarsa Tbk (INTP) was then reported to have bought 1.32 million of its own shares.

In the meantime, it appears that PT Majukarya Mandiri Indonesia released fifteen million shares of PT Estee Gold Feet Tbk, an aerosol manufacturer for cosmetics and households.

Starting with HSBC-Fund SVS A/C Chengdong Investment Corp-Self, which sold 10.80 million shares in the coal mining holding firm PT Bumi Resources Tbk (BUMI), a number of international investors are still actively selling shares. Fintech Business Innovation LPS also sold 1.35 million shares of PT Venteny Fortuna International (VTNY), a firm that develops digital platforms and portals.

Lastly, through PT Sinarmas Sekuritas, PT Sinar Mas Cakrawala released around 240 thousand shares of PT Sinar Mas Multiartha Tbk (SMMA), a provider of financial services. (KD)

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