Business · Markets · 1 hr ago

Indonesia’s stock index rises 0.39% as foreign investors sell overall

Indonesia’s stock index rises 0.39% as foreign investors sell overall

Indonesia’s Jakarta Composite Index rose 0.39% on Wednesday, closing at 5,948.83.

The gain followed two days of declines, but the index remained below 6,000.

Foreign investors sold a net Rp1.13 trillion across the market, including sales on regular and negotiated and cash markets.

At the same time, they bought shares in some companies, with Bank Central Asia attracting the most net buying at Rp216.62 billion.

Other stocks with net foreign buying included Barito Pacific, Timah, Medco Energi, Pakuwon Jati and Perusahaan Gas Negara.

The figures show that foreign investors were net sellers overall despite buying selected stocks; no further market developments are given.

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