JAKARTA – PT Merdeka Battery Materials Tbk (MBMA) topped the net foreign buy list with 29.87 million shares on Friday (28/2), despite a decline in its share price by IDR 10, or 2.96%, to IDR 328 per share.

According to data from the Indonesia Stock Exchange (IDX), the company recorded foreign buy and sell figures of 40.11 million and 10.24 million shares, respectively. Interestingly, MBMA did not feature in the top 30 net buy list on the previous day (27/2). The trading volume for MBMA reached 70.07 million shares across 3,993 transactions, valued at IDR 22.92 billion.

Yesterday, MBMA’s trading volume stood at 30.50 million shares, recorded in 3,224 transactions worth IDR 10.53 billion. The stock price had also declined by IDR 16, closing at IDR 338, down from IDR 322 per share.

Meanwhile, PT Hartadinata Abadi Tbk (HRTA) ranked second in the top net buy list with 23.97 million shares. The foreign buy and sell for HRTA were 28.97 million and 5 million shares, respectively. HRTA’s stock price decreased by IDR 4 to IDR 472 at the close of trading on Friday (28/2), with a trading volume of 44.01 million shares, valued at IDR 20.99 billion, across 2,622 transactions.

In comparison, HRTA’s stock price closed at IDR 476 on the previous day, after a decline of IDR 59 from the morning session. The traded volume amounted to 53.94 million shares across 4,220 transactions, with a value of IDR 27.16 billion. (LK/ZH)