Jakarta, CNBC Indonesia – Foreign investors were recorded to have made a net sell of a number of stocks, as the Composite Stock Price Index (JCI) was still moving ‘unsettled’ at the start of trading this morning, Monday (5/7/2021).
Some of these shares are included in the big cap stock category (shares with a market capitalization value of more than Rp 100 trillion).
Here are the top 5 stocks that were sold the most by foreigners, at 09.19 WIB:
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Telkom Indonesia (TLKM), shares -0.33%, to Rp 3,060, net sell Rp 17.0 M
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Bank Rakyat Indonesia (BBRI), -1.00%, to IDR 3,950, net sell IDR 8.1 M
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Unilever Indonesia (UNVR), -0.97%, to Rp 5,100, net sell Rp 4.8 M
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Media Nusantara Citra (MNCN), -1.09%, to Rp 910, net sell Rp 3.8 M
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Elang Mahkota Teknologi (EMTK), 0.00%, to Rp 2,490, net sell Rp 2.8 M
According to the data above, of the 5 stocks observed, 4 stocks fell while the remaining 1 remained stagnant, due to the ‘big selling’ action by foreign investors.
The shares of the state-owned telecommunications company, TLKM, were the most sold by foreigners, amounting to Rp 17.0 billion. This stock fell 0.33% to Rp 3,060/share, continuing the correction since the previous 5 days.
Practically, in a week TLKM shares fell 3.15%, while in a month it fell 13.52%.
Telkom has just released its financial performance for the first 3 months of 2021 which is relatively positive. An issuer that has been listed on the stock exchange since November 1995 recorded a net profit attributable to owners of the parent company of Rp 6.01 trillion in the first quarter of 2021.
The net profit recorded an increase of 2.59% from the same period in the previous year of Rp 5.86 trillion. Even on an annual basis (annualized) recorded that TLKM’s net profit rose 15.71%.
Referring to the financial statements published by the company, in the first 3 months of this year, Telkom posted revenue of Rp 33.94 trillion.
In second place was the state-owned bank, BBRI, which fell 1% to Rp 3,950/share. Foreigners recorded selling off this stock with a net selling record of Rp 8.1 billion. This weakening occurred after last weekend, Friday (2/7) BBRI shares closed up 1.27% to Rp 3,990/share.
The latest news, BRI will hold an Extraordinary General Meeting of Shareholders (EGMS) on Thursday 22 July.
The EGMS will be held at 14.00 WIB, at the BRI Building, Jalan Jenderal Sudirman Kav 44-46, Central Jakarta.
The agenda is the approval of the Company’s Capital Increase by Providing Pre-emptive Rights (PMHMETD) to shareholders which will be carried out through the mechanism of Limited Public Offering I (PUT I).
This rights issue is part of the establishment of Ultra Micro BUMN Holding together with PT Pegadaian (Persero) and PT Permodalan Nasional Madani (Persero) or PNM.
Meanwhile, the shares of the Emtek Group issuer, EMTK, remained stagnant at 0.00% to Rp 2,490/share. Foreigners also recorded selling these shares with a net sell value of Rp 2.8 billion.
Recently, EMTK injected PT Grab Teknologi Indonesia (GTI) worth IDR 3.08 trillion or equivalent to US$ 210 million through the issuance of new GTI shares totaling 311.27 million shares.
Grab Teknologi Indonesia is an application company that manages GrabCar, GrabBike, GrabFood, GrabMart, Wholesale Services, GrabFresh, Grab for Business, GrabHealth, and Indonesia Bus Marketplace.
In the disclosure of information on the Indonesia Stock Exchange (IDX), the transaction will be carried out on June 30, 2021 with a nominal value of IDR 1,000 per share.
JCI itself has been moving up and down since the beginning of trading. JCI opened with a slight appreciation of 0.02% to 6,024.16. After 12 minutes, the JCI was observed to be corrected 0.11% to the level of 6,016.45. As of 09.34 WIB, the JCI rose 0.05% to 6,025.97.
CNBC INDONESIA RESEARCH TEAM
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