JAKARTA – On Friday, March 14, foreign investor transactions on the Indonesia Stock Exchange ended with a sizable net sell. It is again back in the red zone and concluded with a net sell of 475.03 million shares, compared to the previous trading day's foreign net buy of 217.04 million shares.

Compared to the previous trading day (March 13), the volume of foreign purchases declined. Only 2.68 billion shares were purchased by foreign buyers today, representing the total volume of foreign buys. Today, foreign investors had a net buy of 475.03 million shares, with a sales volume (foreign sell) of 3.15 billion shares.

In contrast to the previous day, shares of PT Petrosea Tbk (PTRO), a mining and oil and gas business, led the top sell with a net sell of more than 100 million shares. Nevertheless, with a net sell of 96.69 million shares, PT GOTO Gojek Tokopedia Tbk (GOTO), a provider of digital services, came closely next.

In contrast to its foreign selling volume of 109.16 million shares, PTRO's foreign buying volume was a dismal 9.11 million shares. Meanwhile, with 1.27 billion shares purchased and 1.37 billion shares sold, GOTO's foreign purchasing and selling volume remained extremely strong.

Additionally, PT Bank Central Asia Tbk (BBCA) and PT Bank Mandiri (Persero) Tbk (BMRI), two financial institutions, each made about 57 million shares of net sell volume. Foreigners sold 98.48 million shares of BBCA and purchased 41.45 million shares. Then, 111.87 million BMRI shares were sold, and 55.10 million were purchased by foreigners.

The top sell close was e-commerce shares of PT Bukalapak.com Tbk (BUKA) with a net sell of about 47 million shares, after foreigners sold 69 million shares and only acquired around 21.75 million shares.

On the other side, shares of PT Astrindo Nusantara Infrastuktur Tbk (BIPI) achieved the greatest net buy at 39.73 million shares. 54 million shares of this energy infrastructure company were purchased by foreigners, while approximately 14.21 million were sold.

Following that, PT Maharaksa Biru Energi Tbk (OASA) and PT Merdeka Battery Materials Tbk (MBMA), two issuers in the renewable energy sector, each made net buy volumes of roughly 26 million shares. Foreigners only sold about 792,500 shares of OASA, but they purchased 27.60 million. In the meantime, foreigners sold almost 40.61 million shares of MBMA while also purchasing nearly 67 million shares.

With a net buy of almost 19 million shares each, coal holding firm PT Bumi Resources Tbk (BUMI) and oil and gas holding company PT Raharja Energi Cepu Tbk (RATU) concluded the top buy list. 1.97 million RATU shares were sold, while 21.95 million were purchased by foreigners. Foreigners purchased 58.67 million shares of BUMI, while 38.96 million shares were sold. (KD)

Update net foreign news only on IDNFinancials.com!