IDX Composite Gains as Foreign Investors Buy Key Stocks

Market Overview

The Indonesian Composite Index (IHSG) closed higher on Friday, rising 0.13% to 8,936.75. This gain was supported by significant foreign investor activity, with a net buy position of Rp 257.01 billion across all markets.

Foreign Investment Patterns

Foreign investors demonstrated distinct buying and selling patterns in different market segments:

• In the negotiation market, foreign investors recorded a net buy of Rp 315.96 billion
• In the regular market, they recorded a net sell of Rp 58.94 billion

Key Stocks Driving Activity

The buying activity was led by three major stocks:

1. PT Bank Central Asia Tbk (BBCA): Net buy of Rp 165 billion
2. PT Petrosea Tbk (PTRO): Net buy of Rp 152.9 billion
3. PT MD Entertainment Tbk (FILM): Net buy of Rp 117.2 billion

Conversely, the selling activity was concentrated in:

1. PT Bumi Resources Tbk (BUMI): Net sell of Rp 519.7 billion
2. PT Bank Mandiri Tbk (BMRI): Net sell of Rp 119.6 billion
3. PT Amman Mineral Internasional Tbk (AMMN): Net sell of Rp 110.5 billion

Market Implications

The significant foreign investment in BBCA, PTRO, and FILM suggests confidence in these blue-chip and sector-leading companies. The simultaneous selling in BUMI, BMRI, and AMMN indicates profit-taking or sector rotation. This mixed activity reflects the complex dynamics of Indonesia's capital markets, balancing between banking, mining, and entertainment sectors.