Bisnis.com, JAKARTA – The series of composite stock price index (JCI) rallies in November 2020 must be closed with a net sell of up to IDR 2.71 trillion. Foreign brokers release ownership of a number of shares with jumbo market cap.
PT Telekomunikasi Indonesia (Persero) Tbk. (TLKM) became the months for selling by foreign investors on Monday trade (30/11/2020). The net sell record of up to IDR 427.5 billion made the shares of the state-owned enterprise (BUMN) corrected 6.65 percent to the level of IDR 3,230.
A similar fate was experienced by PT Bank Central Asia Tbk. (BBCA). The bank issuer belonging to the Djarum Group was hit with a sale of Rp392.2 billion, causing shares to crash 2.82 percent to Rp31,025.
In the past month, TLKM and BBCA are both advancing in a positive trend. The stock price movements of both have increased by 26.17 percent and 6.62 percent, respectively.
Foreign investors were also observed to accumulate the two issuers with large market cap. TLKM’s net buy reached IDR2.06 trillion and BBCA reached IDR2.94 trillion in a month.
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