Jakarta, CNBC Indonesia – Foreign investors’ funds are unstoppable. Since the beginning of the year, net buying or net buying of foreign investors has reached Rp 34.83 trillion.
It has become a habit for stocks with jumbo market capitalization and big caps to be the first targets of foreign investors when they enter the domestic stock exchange. This makes stocks of this category fly.
The two stocks that were most hunted by foreigners throughout 2022 were PT Bank Rakyat Indonesia Tbk (BBRI) and PT Telkom Indonesia (Persero) Tbk (TLKM) with net buys of Rp 8.3 trillion and Rp 6.8 trillion, respectively.
The two big cap stocks were observed to have gained 14.36% and 11.88% respectively year to date. The shares of PT Bank Negara Indonesia Tbk (BBNI) and PT Bank Central Asia Tbk (BBCA) were also collected by foreigners with a net buy of more than Rp 4 trillion.
BBCA shares rose 8.22% while BBNI shares rose 24.07%. BBNI shares led the strengthening of big cap banking in terms of returns. Meanwhile, the shares of PT Bank Mandiri Tbk (BMRI) were also bought by foreigners worth Rp. 1.8 trillion and rose 11.39%.
Then other big cap stocks that are also being targeted by foreigners are PT Astra International Tbk (ASII) and PT Elang Mahkota Teknologi Tbk (EMTK) shares, both of which were bought by foreigners since the beginning of the year with a net buy of Rp 2.8 trillion and Rp 2.4 trillion. . ASII shares rose 21.05% and EMTK shares rose 19.3%.
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