Foreign Investors Sell Over 1 Billion Gojek Tokopedia (GOTO) Shares; Net Foreign Volume Drops to Minus 873.82 Million
Foreign investors have made significant sell-offs of digital company PT GoTo Gojek Tokopedia Tbk’s (GOTO) shares, resulting in a foreign sell volume of 1.44 billion shares and a net volume of -1.11 billion shares. This has led to a surge in foreign sales volume, reaching approximately 2.74 billion shares. Conversely, the foreign buy volume only amounted to 1.87 billion shares, ultimately resulting in a net foreign volume of -873.82 million.
Apart from GOTO, foreign investors have also divested 69.64 million shares of PT Humpuss Maritim Internasional Tbk (HUMI) in the marine and maritime services sector, resulting in a net volume of -60.80 million shares. Additionally, shares of PT Aneka Tambang Tbk (ANTM) in the nickel, bauxite, and gold mining business were sold for 51.71 million shares, with a net volume of -37.83 million shares. PT Barito Pacific Tbk (BRPT), a petrochemical and energy company, witnessed the sale of 38.62 million shares, resulting in a net volume of -23.84 million shares. Furthermore, shares of the automotive company PT Astra International Tbk (ASII) were sold for 36.30 million shares, with a net volume of -16.24 million shares.
On the other hand, the renewable energy sector experienced positive developments as foreign investors purchased 103.30 million shares of PT Maharaksa Biru Energi Tbk (OASA), resulting in a significant net volume of 95.02 million shares. In the banking sector, PT Bank Mandiri (Persero) Tbk (BMRI) saw foreign investors acquire 125.50 million shares, leading to a net volume of 83.92 million shares. Moreover, foreign and domestic shipping businesses owned by PT Buana Lintas Lautan Tbk (BULL) witnessed the purchase of 81.06 million shares, resulting in a net volume of 58.82 million shares. Additionally, PT Astrindo Nusantara Infrastruktur Tbk (BIPI) had 46.10 million shares purchased, creating a net volume of 40.42 million shares. Finally, foreign investors acquired 62.20 million shares of the telecommunications company PT Smartfren Telecom Tbk (FREN), generating a net volume of 36.11 million shares.
The significant sell-off by foreign investors in several prominent Indonesian companies reflects an overall decrease in net foreign volume. These developments highlight the cautious approach of foreign investors in the Indonesian market, potentially influenced by various factors such as market conditions and their assessment of future prospects.
It is essential to monitor how these transactions in GOTO, HUMI, ANTM, BRPT, and ASII impact the respective companies’ share prices in the coming days and evaluate the overall market sentiment. Understanding the motives behind foreign investor decisions will provide insights into the Indonesian market’s dynamics and potential investment opportunities.
While PT GoTo Gojek Tokopedia Tbk (GOTO) experienced a significant sell-off, attracting attention from market observers, other companies such as PT Maharaksa Biru Energi Tbk (OASA), PT Bank Mandiri (Persero) Tbk (BMRI), PT Buana Lintas Lautan Tbk (BULL), PT Astrindo Nusantara Infrastruktur Tbk (BIPI), and PT Smartfren Telecom Tbk (FREN) witnessed foreign investors showing confidence through significant share purchases.
As always, it is crucial to remain informed about the latest developments and trends in the Indonesian market to make informed investment decisions.
