JAKARTA – On Wednesday, March 12, transactions involving foreign investors on the Indonesia Stock Exchange were still concluded with a net sell. Foreign net sell transactions fell sharply to 23.78 million shares today, compared to 1.87 billion shares on the previous trading day.

While foreign sale volume has decreased dramatically from the previous trading day (March 11), foreign buy volume appears to be constant. 3.13 billion shares were purchased by foreign buyers today, representing the total volume of foreign buys. Today, foreign investors had a net sell of 23.78 million shares, with a sales volume (foreign sell) of 3.15 billion shares.

Today's top sell list still includes shares of PT GOTO Gojek Tokopedia Tbk (GOTO). 1.38 billion GOTO shares were purchased by foreign investors, while 1.46 billion shares were sold. This digital service issuer then made a net sell of 81.25 million shares.

Following the sale of 73.30 million BUKA by foreigners, PT Bukalapak.com Tbk (BUKA) shares had a net sell of about 70 million shares. Only about 3.6 million shares of this e-commerce site were purchased by foreigners. Third place went to PT Darma Henwa Tbk (DEWA), with a net sell of 49.47 million shares. 51.28 million shares of this mining contractor were sold to foreigners, while 1.81 million shares were purchased.

With a net sell of 32.13 million BKSL and 29.66 million MDKA shares, metal ore mining issuer PT Merdeka Copper Gold Tbk (MDKA) and real estate developer issuer PT Sentul City Tbk (BKSL) concluded the top sell list. Foreigners sold 67.29 million shares and purchased 35.15 million shares of BKSL. In the meantime, foreigners released around 52.63 million shares and purchased 22.97 million MDKA shares.

Conversely, the shares with the biggest net buy were those of PT Astrindo Nusantara Infrastruktur Tbk (BIPI). This infrastructure issuer's shares made a net buy of 49.72 million shares, with a foreign buying volume of 150.74 million and a selling volume of only 1.01 million.

A net buy of 29.49 million shares of the digital corporation PT Solusi Sinergi Digital Tbk (WIFI) was then made. 51.90 million WIFI shares were purchased by foreign investors, while around 22.40 million shares were sold.

Following with a net buy of roughly 28 million shares were two state-owned businesses: the banking institution PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and the telecoms company PT Telkom Indonesia (Persero) Tbk (TLKM). Foreigners purchased over 162.13 million BBRI shares and sold 134.56 million shares after purchasing 73.76 million TLKM shares and selling 45.55 million shares.

The shares of PT Raharja Energi Cepu Tbk (RATU) closed with a net buy of 21.09 million shares in the final position. Only 895,300 shares of an oil and gas investment issuer were sold, compared to over 22 million shares purchased from overseas. (KD)

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