Welcoming window dressing, these stocks are bought by foreigners the most in a week

Reporter: Novice Laoli | Editor: Novice Laoli

KONTAN.CO.ID – JAKARTA. In the last 20 years, the Jakarta Composite Index (JCI) has always closed higher. One of the triggers is action window dressing what investment managers do to beautify their portfolios at the end of the year.

However, this action was interrupted by the emergence of the omicron variant of the corona virus earlier this month. That is why, on Friday (4/12) yesterday the JCI closed in the red zone with a decrease of 0.69% and within a week the JCI was recorded to have fallen 0.35% to a level of 6,538,506.

Meanwhile, in this week, foreign investors also recorded net sell on the Indonesia Stock Exchange (IDX) of Rp 3.22 trillion. Nevertheless, a number of these stocks are still collected by foreigners entering the month of December which is identical to the month of December window dressing.

Also Read: These stocks were mostly bought by foreigners when the JCI corrected yesterday

Foreign notes net buy largest share in PT Telkom Indonesia Tbk (TLKM) of IDR 474.44 billion. TLKM shares also rose 1.50% to Rp 4,070 per share in a week. The total trading volume of TLKM shares reached 1.16 billion with a total transaction value of Rp 4.75 trillion.

Shares of PT Bank Aladin Syariah Tbk (BANK) is also widely hunted by foreigners amounting to Rp. 154.76 billion. BANK’s shares fell 5.70% to Rp 2,480 per share this week. The total trading volume of BANK shares reached 338.79 million with a total transaction value of Rp 929.84 billion.

Foreign investors also collect a lot of shares of PT Berkah Beton Sadaya Tbk (BEBS) amounting to Rp 128.37 billion. BEBS shares shot up 10.08% to Rp 4,150 per share this week. The total trading volume of BEBS shares reached 241.69 million with a total transaction value of Rp.966.72 billion.

Also Read: Worried about the Omicron variant, many of these shares were sold by foreigners on Friday (12/3)

Then foreigners are also diligent in buying up shares of PT Indo Tambangraya Megah Tbk (ITMG) amounting to Rp 96.42 billion. ITMG shares rose 5.51% this week to Rp 21,550 per share. The total trading volume of ITMG shares reached 19.75 million with a total transaction value of Rp 417.67 billion.

The following are the 10 biggest net buy foreign stocks this week: