Business · Markets · 1 hr ago

Jakarta stock index falls 1.22% as foreign investors buy 10 stocks

Jakarta stock index falls 1.22% as foreign investors buy 10 stocks

Indonesia’s Jakarta Composite Index fell 1.22% on Monday, closing at 5,373.09.

The drop came after the index had gained 4.9% over the previous week.

Foreign investors sold shares worth 1.85 trillion rupiah across the market and 2.03 trillion rupiah on the regular market.

Even so, they bought shares in some companies, led by Bank Syariah Indonesia, with net buying of 40.8 billion rupiah.

Barito Pacific and Medco Energi were the next biggest net purchases among the 10 listed stocks.

The figures show that foreign investors were selling overall while targeting select shares; the available information does not say what will happen to the index next.

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