JAKARTA – On Monday, March 3, there was a net buy in foreign investor transactions on the Indonesia Stock Exchange. If foreign net sale transactions totaled more than 2.41 billion shares on the previous trading day, today's net buy transactions reversed course, albeit by only 84.33 million shares.

Even if the volumes of international purchases and sales are still rather strong, they have dramatically dropped from the previous trading day (February 28). 4.88 billion shares of stock were purchased by foreign buyers today, representing the total volume of foreign buys. Today, foreign investors registered a net buy of 84.33 million shares, with a sales volume (foreign sell) of 4.79 billion shares.

The IDX registered a net buy of 99.06 million shares of PT Buana Lintas Lautan Tbk (BULL), placing it in the top rank on the buy list. Only about 2 million shares of this oil and gas tanker issuer were sold by foreign investors, who purchased 101.13 million shares.

A net buy of 31.22 million shares was then made by the FMCG (fast-moving consumer goods) firm PT Unilever Indonesia Tbk (UNVR), and a net buy of over 30 million was made by the media company PT Media Nusantara Citra Tbk (MNCN). With 232.82 million shares sold, UNVR's foreign buy volume was 264.04 million. Meanwhile, MNCN's foreign purchase volume was substantially lower, totaling around 33.69 million shares, with approximately 3.79 million shares sold.

Following the sale of over 49 million shares and the purchase of 76.08 million by foreigners, mining contractor PT Darma Henwa Tbk (DEWA) accomplished a net buy of around 27.11 million shares. At the bottom position, foreigners purchased 41.46 million shares and sold 17 million shares of PT Japfa Comfeed Indonesia Tbk (JPFA), resulting in a net buy of 24.43 million shares.

However, there was a very impressive number of shares of PT GOTO Gojek Tokopedia Tbk (GOTO) being bought and sold. Over 1.92 billion shares of this main issuer of digital services were sold, while 1.67 billion were purchased by foreign buyers. With 253.84 million shares, GOTO therefore became the stock with the biggest net sell.

Following GOTO, PT Techno9 Indonesia Tbk (NINE), an information technology business, sold 51.57 million shares. Only 20,400 shares of NINE were purchased by foreigners, despite selling 51.60 million shares.

With a net sale of 30.40 million, the banking institution PT Bank Nasional Indonesia (Persero) Tbk (BBNI) came in third. About 92.65 million of its shares were released, but about 62.24 million were purchased by foreigners.

With a net sell of 29 million shares apiece, PT Merdeka Copper Gold Tbk (MDKA) and PT Telkom Indonesia (Persero) Tbk (TLKM) subsequently closed the top sell list. A total of 41.72 million shares of the metal ore mining business MDKA were purchased from overseas, while 71.57 million were sold. Lastly, TLKM's foreign buy was 109.98 million shares, but the sales volume of this telecom company reached 139.51 million. (KD)

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