Business · Markets · 2 hrs ago

Jakarta index rises 2.25% as foreign investors sell shares

Jakarta index rises 2.25% as foreign investors sell shares

Indonesia’s Jakarta Composite Index rose 2.25% on Thursday, 5 November, closing at 5,030.26.

The rise came as foreign investors sold more shares than they bought, with net sales of Rp65.5 billion across the market.

Foreign investors bought shares worth Rp3.4 trillion and sold Rp3.5 trillion.

Ten listed companies saw foreign net selling even as the index gained, including banks, energy firms and mining companies.

The largest net sales were in Bank Rakyat Indonesia at Rp176 billion and Bank Mandiri at Rp172 billion.

The figures show that the market’s rise coincided with foreign selling, but no reason for either trend or next step is given.

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