JAKARTA – The Indonesia Composite Stock Index (IHSG) closed Thursday’s (22 May) trading at 7,166.98, up slightly by 0.34% or 24.52 points.

Although its gains were lower than those seen on Wednesday (21 May), foreign investors still recorded a net buy.

However, the total net buy was only Rp621.92 billion, lower than Wednesday’s trading, which reached Rp960.35 billion.

PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) attracted the most foreign capital inflow, with a net buy of Rp462.5 billion across all markets.

This was followed by PT Bank Central Asia Tbk (BBCA) with a net foreign buy of Rp109.2 billion, PT Aneka Tambang Tbk (ANTM) at Rp91 billion, PT Bank Mandiri (Persero) Tbk (BMRI) at Rp85.4 billion, and PT Bumi Resources Minerals Tbk (BRMS) at Rp76.8 billion.

In terms of share volume traded, foreign investors recorded a net buy of 1.33 billion shares, with PT GoTo Gojek Tokopedia Tbk (GOTO) being the most sought-after stock, attracting a net buy of 1.02 billion shares.

As previously reported by IDNFinancials.com, analysts expect IHSG to continue strengthening following Bank Indonesia’s (BI) decision to cut its benchmark interest rate by 25 basis points (bps) to 5.5%. (KR/LM)