Jakarta, CNBC Indonesia – In the midst of the fall in the Composite Stock Price Index (IHSG) on Monday’s trading (12/4/2021), a number of top stocks actually recorded the largest net buy, aka net buy on the regular market, taking advantage of stock price corrections.
A number of top issuers that are being hunted by investors include PT Indofood Sukses Makmur Tbk (INDF), PT Bank Mandiri (Persero) Tbk (BMRI), PT Adaro Energy Tbk (ADRO), to PT Telkom Indonesia (Persero) Tbk (TLKM) although its share price fell.
Meanwhile, the JCI was in ‘free fall’, continuing to weaken since last Friday (9/4). JCI collapsed 2.00%, leaving the level of 6,000 to the position of 5,948.56 at the close of the second trading session yesterday.
IDX data noted that only 123 stocks rose, 379 stocks declined and 137 stocks stagnated, with a transaction value of Rp 9.23 trillion and trading volume reaching 16.11 billion shares.
Foreign stock market investors left Indonesia with a record of net foreign sales reaching Rp 521.01 billion in the regular market. Meanwhile, foreigners recorded a net purchase on the negotiation market and cash market amounting to Rp 250.22 billion.
In the midst of the domination of foreign net sell, here are 10 stocks that still posted net buy, although not so high, on the regular market.
10 Top Net Foreign Buy (12/4) Reguler
1. Erajaya Swasembada (ERAA), net buy of IDR 12.4 billion, flat shares of IDR 505
2. Indofood Sukses (INDF), IDR 11 billion, IDR 6,600 flat shares
3. Bank Mandiri (BMRI), IDR 7 billion, shares -2.70% IDR 6,300
4. Adaro Energy (ADRO), Rp 6 billion, shares -2.07% Rp 1,180
5. Indah Kiat (INKP), IDR 6 Billion, -6.95% shares IDR 9,375
6. Tower Bersama (TBIG), IDR 4 Billion, + 0.95% shares IDR 2,130
7. Media Nusantara (MNCN), Rp 3 B, share -2.06% Rp 950
8, Wijaya Karya (WIKA), IDR 3 Billion, -6.80% shares IDR 1,370
9. Sarana Menara (TOWR), IDR 2 billion, shares -1.36% IDR 1,090
10. Telkom (TLKM), Rp. 2 billion, shares -1.49% Rp. 3,310
From this IDX data, there were two stocks that registered a net buy but their share price collapsed, touching the lower auto reject level or ARB (7%), namely Indah Kiat (INKP) with a net share of IDR 6 billion and shares fell 6.95% to IDR 9,375 / share and Wijaya Karya (WIKA) net buy IDR 3 billion, shares collapsed 6.80% IDR 1,370.
INKP was also the top losers in yesterday’s trade, along with its ‘siblings’ from other Sinarmas Group issuers, namely, PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM). The two paper companies simultaneously collapsed and touched ARB.
Following INKP-TKIM, shares of the Northstar group’s coal mining issuer, PT Delta Dunia Makmur Tbk (DOID), also fell to ARB in trading earlier this week.
Meanwhile, the majority of Asian stock exchanges ended in the red zone on Monday’s trading (12/4/2021). This correction is due to the lack of sentiment that lifted the bourse and the concerns of market players in China regarding the potential to tighten the benchmark interest rate policy amid expectations of upbeat economic data to be released later this month.
Only South Korea’s KOSPI index was still able to stay in the green zone in yesterday’s trading after closing up 0.12% to the level of 3,135.59.
While the rest ended up in the red zone. Trade data noted, the Japanese Nikkei index ended down 0.77% to 29,538.73, the Hang Seng fell 0.86% to 28,453.28, the Shanghai Composite China fell 1.09% to 3,412.95, and Singapore’s STI fell 0.33. % to 3,173.93.
(bag bag)
– .
