Foreign Investors Continue to Buy Up a Number of Shares When the JCI Drops to Level 4,900
The Composite Stock Price Index experienced a significant correction of 3.64% at the start of the week. In the midst of this decline, foreign investors recorded net buying actions on a number of selected shares in the domestic market.
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Stock exchange trading closed sharply lower and brought the index to 4,996.61 at the end of Monday's second trading session. Transaction activity was recorded to be very high with a value reaching IDR 19.52 trillion and a high frequency.
The overall transaction volume reached 340.85 million shares with a total frequency of 1.62 million times. Even though the market experienced large selling pressure, foreign market players continued to buy up certain issuers through the negotiation and cash markets.
Overall, foreign investors made quite a large net selling action across all markets. However, they still realized net purchases worth hundreds of billions of rupiah in the negotiation and cash market segments.
A number of issuers that were the targets of the largest net purchases by foreigners included the banking, consumer, retail and mining sectors. The list includes BBNI, INDF, MAPA, UNTR, EMAS, MEDC, INKP, ANTM, TAPG and INCO shares.