Foreign investors have been aggressively purchasing shares of Indonesia’s leading banks in the past week, including PT Bank Mandiri (BMRI), PT Bank Central Asia (BBCA), PT Bank Rakyat Indonesia (BBRI), and PT Bank Negara Indonesia (BBNI), with total purchases amounting to Rp1.44 trillion (Rp92.4 million).
Among the banks, BMRI was the most sought-after, with foreign investors purchasing Rp866.1 billion worth of its shares. BBCA followed with Rp390.7 billion, while BBRI and BBNI saw foreign buying of Rp118.6 billion and Rp68.9 billion, respectively.
Beyond the banking sector, foreign investors also targeted the technology sector, notably acquiring shares in PT GoTo Gojek Tokopedia (GOTO) to the tune of Rp80.3 billion.
Conversely, the automotive giant PT Astra International (ASII) saw significant foreign selling, with Rp73.9 billion worth of its shares being offloaded.
Other notable sell-offs by foreign investors included PT Merdeka Battery Materials (MBMA) at Rp34.7 billion and PT Merdeka Copper Gold (MDKA) at Rp29.8 billion.
Kautsar Primadi Nurahmad, Secretary of the Indonesia Stock Exchange (BEI), reported that the Jakarta Composite Index (IHSG) rose by 2.4 percent last week, closing at 7.423, up from 7.256 the previous week.
The average daily transaction frequency also increased by 3.53 percent to 1.02 million transactions, up from 981,000 transactions the prior week.
In addition, the average daily trading volume on the Exchange increased by 4.54 percent to 16.73 billion shares, compared to 16.00 billion shares in the previous week.
However, the average daily transaction value declined by 3.33 percent to Rp9.32 trillion, down from Rp9.64 trillion the previous week.
Top 10 Foreign Purchases:
- PT Bank Mandiri (BMRI);
- PT Bank Central Asia (BBCA);
- PT Sumber Alfaria Trijaya (AMRT);
- PT Bank Rakyat Indonesia (BBRI);
- PT Indofood Sukses Makmur (INDF);
- PT Kalbe Farma (KLBF);
- PT GoTo Gojek Tokopedia (GOTO);
- PT Bank Negara Indonesia (BBNI);
- PT Japfa Comfeed Indonesia (JPFA);
- PT Chandra Asri Petrochemical (TPIA).
Top 10 Foreign Sales:
- PT Astra International (ASII);
- PT Merdeka Battery Materials (MBMA);
- PT Merdeka Copper Gold (MDKA);
- PT Mitra Adiperkasa (MAPI);
- PT United Tractors (UNTR);
- PT Map Aktif Adiperkasa (MAPA);
- PT Sarana Menara Nusantara (TOWR);
- PT Astra Otoparts (AUTO);
- PT Pertamina Geothermal Energy (PGEO);
- PT Aneka Tambang (ANTM).
The data indicates a continued strong interest in the banking sector among foreign investors, reflecting confidence in the stability and growth potential of Indonesia’s major financial institutions.
Meanwhile, some sectors like automotive and mining saw significant foreign outflows, highlighting a selective approach to investment in the current market environment.
