Foreign Investors Target Indonesian Tech Stocks: GOTO, DOOH, and INET See Major Inflows
KABARBURSA.COM - Foreign capital is demonstrating renewed activity in the Indonesian stock market, with a strong focus on the technology sector. Transaction data from the first session on November 24, 2025, reveals a notable shift in strategy among global investors. Foreign funds heavily invested in three stocks with prominent digital and technology profiles: GOTO,DOOH,and INET.
All three companies – GOTO,DOOH,and INET - experienced substantial net buys,with purchasing volume considerably exceeding that of other sectors. This indicates foreign investors are anticipating a recovery phase for Indonesian technology stocks following a period of valuation pressure.
GOTO lead the surge with a net buy of 395 million shares. This level of activity is noteworthy, with foreign purchases exceeding three billion shares during the session, suggesting GOTO is being viewed as a strategic asset rather than a speculative investment.
DOOH followed with a net buy of almost 160 million shares, and INET recorded approximately 145 million shares. These figures reinforce the trend of foreign investment concentrating on stocks with exposure to digital services, advertising technology, and data infrastructure.
The substantial capital inflow into these three technology stocks signals a potential repricing within the Indonesian technology sector, perhaps preceding recognition by retail investors.
Shift Away From Defensive Stocks
Notably, this increased investment in technology stocks coincided with a rotation of foreign funds out of defensive stocks like KLBF, BGTG, BRPT, and ADRO. This suggests global players are moving away from their traditional “comfort zone” and towards higher beta stocks with greater potential for rebound.
This portfolio repositioning indicates a shift in macro sentiment towards a more aggressive stance, with investors favoring stocks that have been deeply discounted and offer the potential for rapid gains as momentum builds.
the pattern demonstrates a renewed strategic interest in the technology sector from foreign investors after a prolonged period of decline. GOTO,DOOH,and INET are now attracting significant global capital flows and serve as a barometer for foreign sentiment towards Indonesia’s digital ecosystem. Historically, when foreign investors demonstrate this level of volume in a particular sector, the broader market often follows within subsequent sessions.
The aggressive capital inflow positions the technology sector at a critical juncture that could influence market performance towards the end of the year. Continued investment is likely to drive a significant rotation into essential digital stocks that have previously underperformed. The GOTO-DOOH-INET trio appears to be initiating a new phase in the Indonesian technology trading landscape, and domestic investors are advised to closely monitor this advancement to avoid missing the emerging momentum.
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