Business · Markets · 1 hr ago

Indonesia’s Stock Index Rises 1.12% Despite Foreign Investors’ Net Selling

Indonesia’s Stock Index Rises 1.12% Despite Foreign Investors’ Net Selling

Indonesia’s main stock index rose 1.12% to 5,387.91 at the close on Thursday, October 22.

Foreign investors sold shares worth Rp1.49 trillion overall, despite the market’s rise.

They still bought more shares than they sold in 10 companies, led by Bank Mandiri, with net purchases of Rp152.31 billion.

Other companies on the list included Puradelta Lestari, Amman Mineral, GoTo and Merdeka Copper Gold.

A net purchase means investors bought more of a company’s shares than they sold during the trading session.

The index’s gain came alongside heavy overall foreign selling, and no further market developments are described.

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