Two state-owned banks top net buy

JAKARTA – Two state-owned banks (BUMN) led the Top 10 Net Buy by the close of stock trading on Wednesday (26/3). These issuers are PT Bank Mandiri (Persero) Tbk (BMRI) and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).
According to data from the Indonesia Stock Exchange (IDX), BMRI recorded a net foreign buy of 142.18 million, with foreign buy and sell figures at 448.37 million and 306.19 million shares, respectively. This achievement propelled the company to the top of the net foreign buy list, up from 14th place with 11.11 million shares yesterday (25/3).
The stock price rose IDR 410 or 8.65% to IDR 5,150 by the end of trading. The stock opened at IDR 4,980, with the highest price reaching IDR 5,175 and the lowest at IDR 4,930 per share. A total of 582.17 million shares were traded in 68,477 transactions, amounting to IDR 2.95 trillion.
Meanwhile, BBRI ranked second on the top net buy list with 115.07 million shares. Foreign buy and sell figures were 326.62 million and 211.55 million shares, respectively. Yesterday, the company registered a net foreign buy of 92.79 million shares.
At the close of trading, BBRI's stock price increased by IDR 200 or 5.26% to IDR 4,000 per share. The stock opened at IDR 3,870, reaching a high of IDR 4,020 and a low of IDR 3,860. A total of 540.88 million shares were traded in 72,428 transactions, amounting to IDR 2.14 trillion. (LK/ZH)