Bisnis.com, JAKARTA— PT Bank Central Asia Tbk. (BBCA) occupies the top position of the week’s foreign net sell list. The Composite Stock Price Index (JCI) is still strong in the midst of the onslaught of foreign selling against stocks with big market capitalization or big caps.
Stock trading in the first week of December 2020 was marked by a sell-off by foreign investors. It was recorded that net sell on all trading boards reached IDR 3.93 trillion in a week.
The top position on the list of net foreign sell is occupied by Bank Central Asia (BCA) with IDR 915.1 billion. However, stock price movements still grew by 0.08 percent to the level of IDR 31,950 until the end of trading Friday (4/12/2020).
PT Telkom Indonesia (Persero) Tbk. (TLKM) also received selling pressure from foreign investors with a net sell of IDR858.0 billion, which caused the company’s shares to have corrected 6.07 percent a week.
PT Hanjaya Mandala Sampoerna Tbk. (HMSP) was also sold for nearly half a trillion. However, the cigarette producer shares still rose 2.81 percent to the level of Rp1,645.
In the midst of this condition, Bloomberg noted an increase in the Hartono brothers’ net worth. In fact, two foreign brokers sold BBCA shares with a net sell of almost exceeding Rp1 trillion in a week.