JAKARTA – On February 11, buying actions finally took the lead in foreign investor transactions on the Indonesia Stock Exchange.

An estimated 3.82 billion shares of stock were purchased by foreign investors overall. They recorded a net buy of 600.01 million shares with a sales volume of 3.22 billion shares.

With 238.18 million shares, the IDX recorded the largest net buy this time from PT Bumi Resources Tbk (BUMI), the mining parent issuer. Roughly 312.76 million BUMI shares were purchased by foreigners, but only 74.57 million were sold.

E-commerce issuer PT Bukalapak.com Tbk (BUKA) just trailed BUMI with a net buy of 203.46 million shares. This issuer had 302.56 million shares purchased overseas, while 99.09 million shares were sold.

After over 195 million of its shares were purchased, mining contractor issuer PT Darma Henwa Tbk (DEWA) came in third with a net buy of 82.68 million shares.

Foreigners then purchased about 90 million shares of PT Sinergi Inti Andalan Prima Tbk (INET), resulting in an immediate net buy of 64.41 million shares. PT Smartfren Telecom Tbk (FREN), a telecommunications business, attained a net buy of 60.98 million with a purchase volume of around 70.50 million shares.

With 50.65 million shares, PT Telkom Indonesia (Persero) Tbk (TLKM) held the top spot in terms of net sell. Although foreigners purchased about 150 million shares of this domestic telecom company, its sales volume reached 190.63 million.

Following with a net sell of 49.30 million shares was PT Bank Mandiri (Persero) Tbk (BMRI), another state-owned business. Over 234 million shares of this national bank were sold by foreigners.

Following the release of 71.19 million of its shares by foreigners, PT Indosat Tbk (ISAT) had a net sell of 26.11 million shares. The pharmaceutical business PT Kalbe Farma Tbk (KLBF) came next with a net sell of 22.11 million shares and a foreign sell of 30.28 million shares.

The market hint was promptly closed with a net sell of 16.17 million shares after foreigners purchased 13.74 million shares and sold over 30 million shares of PT Petrosea Tbk (PTRO), a mining, infrastructure, and oil and gas services firm. (KD)

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