Extraordinary! Foreigners purchase half a billion BUMI shares
JAKARTA - On Monday, November 21, foreigners bought more than 500 million shares of BUMI. The foreign sales volume, which was "only" 200 million shares, increased the net foreign volume of PT Bumi Resources Tbk to 323 million shares. Unfortunately, despite being an excellent acquisition, this time's net foreign balance ended up being negative 290 million shares.
Which other shares besides BUMI did foreign investors purchase? First, the property developer PT Agung Podomoro Land Tbk (APLN) sold 22 million shares to overseas investors. After this, a purchase of 18 million shares of a media and financial services conglomerate, PT MNC Asia Holding Tbk (BHIT), followed suit. Additionally, shares of PT Industri Jamu and Farmasi Sido Muncul Tbk (SIDO), a company that produces herbal medicines, and PT Global Digital Niaga Tbk (BELI), an e-commerce platform, also saw foreign investors buy about 10 million shares of each company's stock.
In comparison, market volatility is still high for PT GoTo Gojek Tokopedia Tbk. This time, 364 million GOTO shares were sold by foreign investors, causing a drop in the issuer's net foreign holdings of negative 207 million shares. The next highest foreign sales were 180 million shares of PT Astrindo Nusantara Infrastructure Tbk (BIPI) and 132 million shares of PT Bukalapak.com Tbk (BUKA).
Additionally, foreigners relinquished 34 million shares of the oil and gas tanker firm, PT Buana Lintas Lautan Tbk (BULL), and 60 million shares of the Bali United football club company, PT Bali Bintang Sejahtera Tbk (BOLA). (KD)
Update Net Foreign news only on IDN Financials!