JAKARTA - On Tuesday (November 14), net foreign trade volume fell further from the previous day. Foreign sales volume reached 2.5 trillion shares, with lower purchases resulting in a net volume of 360 million shares.
It appears that the shares of Indonesian issuers are being sold by foreigners in large volumes, starting from state-owned companies to GOTO and BIPI. Foreign investors in PT Telkom Indonesia (Persero) Tbk (TLKM) sold 162 million shares, so the company's net volume was the lowest at negative 88 million. After that, 184 million shares of PT GoTo Gojek Tokopedia (GOTO) were also sold by foreigners, causing GOTO's net volume to be minus 84 million shares.
High-volume foreign sales were also reported by PT Astrindo Nusantara Infrastruktur Tbk (BIPI) with 122 million, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) with 109 million, and PT Elnusa Tbk (ELSA) with 63 million shares sold.
On the other hand, PT Buana Lintas Lautan Tbk (BULL) shares became the most bought by foreign money this time. At least 43 million BULL shares were purchased, with a net volume of 42 million. PT Matahari Putra Prima Tbk shares also recorded a net volume of 41 million shares after foreigners bought 65 million MPPA shares. PT Bukalapak.com Tbk shares were actually selling quite well to foreigners, reaching 90 million shares, but BUKA only achieved a net volume of 38 million. Other foreign purchases were made for nearly 31 million shares of PT Adaro Minerals Indonesia Tbk (ADMR) and PT Harum Energy Tbk (HRUM) for 36 million. (KD)
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