JAKARTA – On Thursday, February 13, foreign investor transactions on the Indonesia Stock Exchange once more demonstrated the predominance of stock sell-offs.

A total of 2.99 billion shares of stock were purchased by foreign investors (foreign buy). With  sales volume (foreign sell) of 4.24 billion shares, foreign investors reported net sell of 1.24 billion shares.

The largest net sell, 1.07 billion shares from PT GOTO Gojek Tokopedia Tbk (GOTO), was reported by the IDX. Over 1.98 billion shares of this digital service parent issuer were sold, while 903.22 million shares were purchased by foreign investors.

Additionally, PT Bukalapak.com Tbk (BUKA) saw a net sell of 81.01 million shares following the sale of 188.90 million shares by foreigners. Following closely behind with a net sell of 62.88 million shares was PT Telkom Indonesia (Persero) Tbk (TLKM). Around 162.51 million shares of this state telecom business were released by foreigners themselves.

Following that, the IDX announced a net sell of 49.58 million shares of media business PT Surya Citra Media (SCMA) and 52.24 million shares of mining holding company PT Bumi Resources Tbk (BUMI). SCMA's foreign sales volume was 63.72 million shares, whilst BUMI's was 111.78 million.

However, with a net buy of 150.15 million shares, mining contractor PT Darma Henwa Tbk (DEWA) took the top buy position. Only 38 million shares were sold, compared to the 188.18 million shares of DEWA that foreigners purchased.

PT Astrindo Nusantara Infrastuktur Tbk (BIPI) came in second with a net buy of 41.75 million shares and a foreign buy volume of 64.13 million.

A net buy of about 32 million shares each was then made by two mineral mining businesses, PT Aneka Tambang Tbk (ANTM) and PT Bumi Resources Minerals Tbk (BRMS).

Roughly 48.10 million ANTM shares and 114.81 million BRMS shares were bought by foreign investors.

PT XL Axiata Tbk (EXCL), a telecom business, ultimately completed the list with a net buy of 19.40 million shares following the purchase of 22.20 million shares. (KD/ZH)

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