Foreign investors were net sellers of Rp1.97 trillion across the Indonesian market at the close of the first trading session on Tuesday, even as the Jakarta Composite Index (IHSG) rose 208.02 points, or 4.16 percent, to 5,204.63. Foreign sales totalled Rp7.93 trillion against purchases of Rp5.96 trillion, according to data from Stockbit Sekuritas.
Banks lead the selling
Selling was concentrated in the banking sector. PT Bank Central Asia Tbk (BBCA) posted the largest net foreign sell among issuers, at Rp1.02 trillion on a net volume of 206.87 million shares. Foreign investors also sold shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), with a net sell of Rp245.04 billion.
PT Bank Mandiri (Persero) Tbk (BMRI) recorded a net foreign sell of Rp208.97 billion.
Buying in selected stocks
Not all sectors were sold. PT Telkom Indonesia (Persero) Tbk (TLKM) was the largest net foreign buy, at Rp175.47 billion. PT Chandra Asri Pacific Tbk (TPIA) drew Rp50.70 billion in net foreign buying, and PT GoTo Gojek Tokopedia Tbk (GOTO) Rp35.99 billion.
The data also show net foreign buying in several other names, including PT Bumi Resources Tbk (BUMI), PT United Tractors Tbk (UNTR) and PT Solusi Kemasan Digital Tbk (PACK). Overall, though, the market-wide figure stayed in the red.
Related: Foreign investors buy Goto shares as index slumps
Source: Stockbit Sekuritas
