On Friday (9/12), net foreign volume was negative at 370.55 million shares, a slight improvement from the previous day. Foreigners sold a total of 1.83 billion shares, while they bought 1.46 billion.

PT Bumi Resources Tbk (BUMI) had the highest net volume this time, with more than 249.04 million shares and a total foreign purchase of approximately 309.38 million.

Unfortunately, other foreign share purchases were not as large as BUMI, even below 30 million shares.

Foreign investors purchased 28.92 million shares of PT Erajaya Swasembada Tbk (ERAA), 19.41 million shares of PT MNC Energy Investments Tbk (IATA), approximately 18.66 million shares of PT Bank KB Bukopin Tbk (BBKP), and 15.50 million shares of PT Surya Permata Andalan Tbk (NATO). These four companies reported net volumes ranging from 14 million to 17 million shares.

PT Telkom Indonesia (Persero) Tbk (TLKM) had the highest number of shares sold by foreigners, with 124.30 million shares sold.

TLKM's net volume was minus 57 million, which was slightly better than PT Perdana Gapura Prima Tbk's (GPRA) minus 73.14 million. Foreign investors reportedly bought 76.04 million shares of GPRA. Additionally, even though the purchase volume was only 42.5 million shares, approximately 83.40 million shares of PT Bank Mandiri (Persero) Tbk (BMRI) were sold. Furthermore, foreign investors sold 64.80 million shares of PT GoTo Gojek Tokopedia Tbk (GOTO) and 63.16 million shares of PT Wulandari Bangun Laksana Tbk (BSBK).

Image source: KD

Source: https://www.idnfinancials.com/news/45376/bumi-shares-contribute-foreign-volume