JAKARTA, investor.id – Foreign investors continue to carry out net sell transactions (net sell) shares on the Indonesian Stock Exchange (BEI). Net sell foreign exchange in all markets on Thursday (14/11/2024) trading amounting to IDR 795.4 billion.
As a result, the total net purchase transactions (net buy) foreign exchange over the current year has increasingly eroded to IDR 29.6 trillion. Net sell The largest shares in the regular market today were PT Bank Rakyat Indonesia Tbk (BBRI) reaching IDR 207.8 billion.
Apart from beating up BBRI shares again, many foreigners also sold shares of PT Adaro Energy Indonesia Tbk (ADRO) with net sell worth IDR 127.4 billion.
On the contrary, net buy The most by foreign investors occurred in shares of PT Indofood Sukses Makmur Tbk (INDF). However, the value is relatively insignificant at IDR 53.4 billion.
Meanwhile, today’s composite stock price index (IHSG) closed sharply down 94.11 points (1.29%) to 7,214.5. A total of 173 shares rose, 431 shares fell, and 182 shares were stagnant. The total transaction value reached IDR 10.92 trillion. Trading volume was 23.14 billion shares with a frequency of 1,170,808 times.
The majority of stock sectors fell at market close today. The deepest weakening occurred in the property sector at 1.6%. This was followed by weakening in the energy sector 1.6%, the raw goods sector 1.4%, the non-primary consumer goods sector 1.2%, and the industrial sector 0.9%. Meanwhile, strengthening only occurred in the technology sector at 1.3%.
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Editor: Jahari Mahardhika
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Jakarta’s Stock Market: A Comedy of Errors
Well, if there’s one thing we can learn from the latest reports from Jakarta, it’s that foreign investors are having a bit of a meltdown on the Indonesian Stock Exchange. How much did they net sell on Thursday, you ask? A cool IDR 795.4 billion! That’s like finding an empty wallet after a night out, isn’t it?
The net buy dance for the year is looking a little more like a slow shuffle now, resting at just IDR 29.6 trillion. To put it mildly, things aren’t going well for almost any stock except for some stubbornly upbeat tech stocks. I mean, they’d need a fireside chat at this point to feel better about their life choices.
And folks, if that’s not enough, brace yourself: PT Bank Rakyat Indonesia Tbk (BBRI) just got punched in the pocket to the tune of IDR 207.8 billion! That’s right, even banks aren’t immune – it’s like a bad soap opera where everyone loses a fortune, followed by commercial breaks promising easier pizza delivery.
But wait! There’s more gloom! PT Adaro Energy Indonesia Tbk (ADRO) isn’t faring much better with a net sell worth IDR 127.4 billion. It seems they’re trading shares like they’re trading Pokémon cards – but this just isn’t the Pokémon Go era!
Now, for a glimmer of hope, we have PT Indofood Sukses Makmur Tbk (INDF), which managed to attract a net buy amounting to IDR 53.4 billion. Sure, it’s not a blockbuster hit, but hey, every little bit counts in an otherwise monotonous party of falling stocks!
Meanwhile, the composite stock price index (IHSG), which some would say is the heart of the market, saw a grim day — tumbling down 94.11 points (1.29%), closing at 7,214.5. To top it all off, 173 stocks raised their hands in confusion, 431 fell flat on their face, and 182 just decided to stand there, frozen in time — talk about a mixed bag!
The Sector Stories
As the market greeted the weekend, it seems that almost every sector needed a little pep talk. The property and energy sectors led the decline, each sinking 1.6%. It’s the economic equivalent of watching a couple in a bad relationship — can’t they just break up already?!
Nevertheless, credit where it’s due: the tech sector performed an admirable pirouette, managing to rise 1.3%. Someone call the press! We’ve found the ‘The Little Engine That Could’ of the Jakarta stock market!
Final Thoughts…
So, to all you foreign investors who thought Jakarta would be a nice place to dip your toes in the water, it might just be time to think about switching to warmer pastures. Or, at the very least, perhaps look into that “class on emotional investing”, because this roller coaster isn’t for the faint-hearted. And if nothing else, keep your sense of humor — you’ll need it!
Editor: Jahari Mahardhika (jauhari@investor.co.id)
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JAKARTA, investor.id – Foreign investors persist in executing net sell transactions (net sell) on shares listed on the Indonesian Stock Exchange (BEI). On Thursday, November 14, 2024, the total net sell foreign exchange in all markets amounted to a significant IDR 795.4 billion, reflecting ongoing bearish sentiment among foreign traders.
Consequently, the cumulative net purchase transactions (net buy) by foreign investors this year have declined sharply to IDR 29.6 trillion. The most notable net sell today was recorded for PT Bank Rakyat Indonesia Tbk (BBRI), which saw net sell activities totaling IDR 207.8 billion, indicating a substantial influence on its market performance.
Apart from BBRI, there was also a considerable sell-off of shares in PT Adaro Energy Indonesia Tbk (ADRO), which experienced a net sell worth IDR 127.4 billion. This pattern of selling reflects a strategic withdrawal by foreign investors amidst current market conditions.
In contrast, the most significant net buy actions by foreign investors were observed in PT Indofood Sukses Makmur Tbk (INDF), though the amount remained relatively modest at IDR 53.4 billion, suggesting a cautious approach to investments in the market.
Meanwhile, the composite stock price index (IHSG) witnessed a significant downturn, closing sharply down by 94.11 points (1.29%) at 7,214.5. Market activity showed that a total of 173 shares rose, while 431 shares fell, and 182 shares remained stagnant. The overall transaction value on this trading day reached an impressive IDR 10.92 trillion, with trading volume hitting 23.14 billion shares executed over 1,170,808 transactions.
The majority of stock sectors suffered declines at market closure today, with the property sector experiencing the most substantial drop of 1.6%. This was closely followed by the energy sector, which also fell by 1.6%, the raw goods sector at 1.4%, the non-primary consumer goods sector at 1.2%, and the industrial sector, which decreased by 0.9%. The technology sector stood out, managing to strengthen by 1.3%, contrasting with the day’s overall downtrend.
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What strategies are investors adopting to mitigate risks during this turbulent market period?
Approach by investors during this turbulent period.
The broader market is certainly feeling the strain, with the composite stock index (IHSG) taking a hit, falling 94.11 points (1.29%) to close at 7,214.5. Market sentiment appears to be largely negative as evidenced by the fact that 431 shares declined while only 173 advanced, leaving 182 shares unchanged—indicating a significant degree of uncertainty among investors.
Sector Performance Snapshot
As we analyze the various sectors, it’s evident that many are grappling with downward trends. The property and energy sectors faced a particularly tough day, each dropping by 1.6%. Meanwhile, consumer goods saw a modest decrease of 1.2%, and the industrial sector wasn’t far behind with a 0.9% drop. However, the technology sector stood out like a beacon in the storm, posting a commendable rise of 1.3%.
Market Outlook
The current market atmosphere can indeed be described as a “comedy of errors” with foreign investors feeling increasingly queasy about the investment climate in Indonesia. The repeated net sales suggest that a sense of caution has taken the helm, prompting many to reevaluate their positions. Investors looking for stability may want to think twice before jumping into this wild and unpredictable market.
while there are glimmers of positive activity among certain stocks—particularly in the technology sector—overall sentiment appears to be under considerable pressure. The mix of rising concerns and selling pressure highlights the importance of careful assessment and strategy for those navigating the Indonesian Stock Exchange in the current landscape.
As always, staying informed and keeping a sense of humor about the ups and downs of the stock market may help investors weather this storm.
Editor: Jahari Mahardhika (jauhari@investor.co.id)
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