Indonesia’s Composite Stock Price Index (IHSG) closed the first trading session of 22 October at 5,419.00, up 90.64 points or 1.7 percent. Foreign investors were net sellers of Rp576.78 billion at the close, according to Stockbit Sekuritas. The gains came even as overseas money pulled out of the market.
Banks lead foreign selling
Bank Central Asia (BBCA) recorded the largest net foreign sell, at Rp331.74 billion. Bank Rakyat Indonesia (BBRI) followed with Rp148.42 billion, while Telkom Indonesia (TLKM) saw Rp85.44 billion leave. Bank Mandiri (BMRI) was the main exception, with a net foreign buy of Rp60.40 billion.
Trading volume reached 214.14 million lots, worth Rp8,958.87 billion. Stockbit’s midday data put total foreign buying across all markets at Rp2.70 trillion, against Rp3.27 trillion of foreign selling.
Market breadth and the session
The figures come from a midday report, so they describe the first session only. Banking stocks drove the foreign outflows, while the index itself finished higher.
Related: Jakarta index closes higher after early 2% drop, foreigners sell · IHSG gains 0.94% even as foreigners sell Rp527 billion
Source: Stockbit Sekuritas
