Foreign Investors Continue Selling State-Owned Banks' Shares
Executive Summary
Key insights and market outlook
Foreign investors have resumed selling state-owned banks' shares after a brief recovery period. Only Bank Mandiri (BMRI) recorded net foreign buy of Rp241.79 billion, while other Himbara banks - Bank Rakyat Indonesia (BBRI), Bank Negara Indonesia (BBNI), and Bank Tabungan Negara (BBTN) - saw net foreign sell-offs in the last week.
Deep Dive Analysis
Foreign Investors Resume Selling State-Owned Banks' Shares
Continued Pressure on Himbara Stocks
Foreign investors have resumed their selling pressure on state-owned banks' shares after a brief period of recovery in investor interest. The trend was evident in the last week, with only PT Bank Mandiri Tbk (BMRI) recording a net foreign buy of Rp241.79 billion. In contrast, other major state-owned banks - PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Negara Indonesia Tbk (BBNI), and PT Bank Tabungan Negara Tbk (BBTN) - all experienced net foreign sell-offs during the same period.
Market Implications
This renewed selling pressure by foreign investors indicates continued caution towards Indonesia's state-owned banking sector. The divergence in investor sentiment between Mandiri and other Himbara banks suggests varying perceptions of their financial health and growth prospects. The trend bears watching as it may impact overall market sentiment towards the banking sector.
Source References
Story Info
Topics Covered
Key Events
Foreign Investor Selling
State Bank Share Pressure