Indonesian Composite Index Ends November on Down Note

Mixed Performance in November Trading

The Indonesian Composite Index (IHSG) closed November with a decline of 37.16 points or 0.43% to 8,508.71 on the Indonesia Stock Exchange. Despite the drop in the last two trading days, the index managed to record a total gain of 4.22% for the month of November. This monthly performance brings the index from 8,163.87 at the end of October to its November closing level.

Foreign Investor Activity

Foreign investors recorded a net sell of Rp 1.02 trillion across all markets on the day the IHSG declined. The net sell in the regular market reached Rp 912.51 billion, while in the negotiation market, foreign investors recorded a net sell of Rp 107.92 billion. The stocks with the largest foreign net sell were: PT Bank Rakyat Indonesia Tbk (BBRI) with Rp 590.9 billion, PT MD Entertainment Tbk (FILM) with Rp 226.5 billion, and PT Bank Central Asia Tbk (BBCA) with Rp 155.9 billion. Conversely, the stocks with the largest foreign net buy were: PT Bangun Kosambi Sukses Tbk (CBDK) with Rp 140.5 billion, PT Bank Mandiri Tbk (BMRI) with Rp 137.7 billion, and PT Rukun Raharja Tbk (RAJA) with Rp 75.3 billion.

Market Implications

The mixed performance in November reflects the complex dynamics between foreign investor activity and overall market trends. While the IHSG showed a monthly gain, the decline at the end of the month coupled with significant foreign net selling suggests ongoing market caution. The substantial foreign investor activity in major stocks like BBRI and BBCA indicates their significant influence on market movements.