Foreign Net Sell IDR 400 Billion, Pay Attention to Stocks That Are Being Sold Off

April 29, 2024, 11.56 PM | Reporter: Noverius Laoli

ILUSTRASI. Digital stock trading board on the Indonesia Stock Exchange (BEI), Jakarta, Tuesday (23/4/2024). The Composite Stock Price Index (IHSG) closed up 36.99 points or 0.52% to 7,110.81 at the end of trading Tuesday (23/4). Eight sectoral indices strengthened, supporting the JCI's rise. Meanwhile, three other sectoral indices entered the red zone. The total volume of share trading on the stock exchange reached 19.20 billion shares with a total value of IDR 11.72 trillion. KONTAN/Cheppy A. Muchlis/23/04/2024

STOCK MARKET - JAKARTA. Amidst the rise of the Composite Stock Price Index (IHSG) in Monday's (29/4) trading, foreign investors continue to record a net sell.

At the start of this week, the IHSG surged in the green zone throughout the trading session, despite opening in the red zone.

Citing data from the Indonesia Stock Exchange (IDX), the IHSG closed up 119.70 points or rose 1.70% to the level of 7,155.78. The IHSG's momentum was supported by the rise of 10 sectors out of a total of 11 sectors in the IDX.

The highest rising sector was health at 4.20%, followed by the energy sector at 2.46%, and the raw materials sector at 2.35%.

Then, the infrastructure sector rose by 1.86%, the industrial sector by 1.30%, the technology sector by 1.30%, the primary consumer goods sector by 1.15%, the financial sector by 0.80%, the property and real estate sector by 0.73% and the non-primary consumer goods sector by 0.71%. Only the transportation sector fell by 0.76%.

The rise in the IHSG was supported by a total trading volume of 16.64 billion with a transaction value of 12.39 trillion. 304 stocks rose, 257 stocks that fell, and 221 stocks that remained unchanged or stagnant.

Although the IHSG strengthened, foreign investors still recorded a net sell at the start of this week amounting to Rp 400.95 billion across all markets. However, foreign investors also pursued these stocks at the start of the week.

Here are the 10 largest foreign net sell stocks on Monday:

1. PT Bank Rakyat Indonesia Tbk (BBRI) Rp 1.02 trillion
2. PT XL Axia Tbk (EXCL) Rp 35.47 billion
3. PT Telkom Indonesia Tbk (TLKM) Rp 34.18 billion
4. PT Bank Negara Indonesia Tbk (BBNI) Rp 22.18 billion
5. PT Petrindo Jaya Kreasi Tbk (CUAN) Rp 16.17 billion
6. PT Amman Mineral Internasional Tbk (AMMN) Rp 12.77 billion
7. PT Bukalapak.com Tbk (BUKA) Rp 10.31 billion
8. PT Unilever Indonesia Tbk (UNVR) Rp 7.41 billion
9. PT Kalbe Farma Tbk (KLBF) Rp 5.93 billion
10. PT Sumber Alfaria Trijaya Tbk (AMRT) Rp 4.68 billion