JAKARTA, investor.id – Foreign investors again recorded net selling transactions (net sell) shares on the Indonesian Stock Exchange (BEI), Wednesday (30/10/2024). Mark net sell it is even considered large, reaching IDR 1.42 trillion in all markets.
As a result, the total net purchase transactions (net buy) foreign exchange during the current year further eroded to IDR 38.7 trillion.
Net sell The largest shares in the regular market today were PT Bank Central Asia Tbk (BBCA) or BCA, reaching IDR 572.6 billion. Apart from selling BBCA shares, many foreigners also sold PT Bank Mandiri Tbk (BMRI) shares with net sell worth IDR 293.9 billion.
Then, shares of other large banks, namely PT Bank Rakyat Indonesia Tbk (BBRI) or BRI and PT Bank Negara Indonesia Tbk (BBNI) or BNI. Net sell BBRI shares amounted to IDR 212.3 billion and BBNI IDR 104.7 billion.
On the contrary, net buy The most by foreign investors occurred in shares of PT Sumber Alfaria Trijaya Tbk (AMRT) or Alfamart. However, the value is relatively small at IDR 21.2 billion.
Meanwhile, the composite stock price index (IHSG) today closed down 36.75 points (0.48%) to 7,569.8. JCI slumped for six consecutive days as the market waited for crucial data from China and the United States (US).
A total of 234 shares were observed to rise, 354 shares fell, and 191 shares were stagnant. The total transaction value reached IDR 11.11 trillion. Trading volume was 17.96 billion shares with a frequency of 1,258,222 times.
The majority of stock sectors fell at market close today. The deepest weakness occurred in the technology sector at 1.4%. This was followed by weakening in the primary consumer goods sector by 1.2%, the financial sector by 0.4%, the raw goods sector by 0.2% and the property sector by 0.2%.
Meanwhile, strengthening only occurred in the transportation sector at 0.2%, the energy sector at 0.2% and the health sector at 0.1%.
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Foreign Investors Hit the Panic Button in Indonesia!
So, gather ’round, ladies and gentlemen, because we’ve got a situation unfolding in the Indonesian Stock Exchange (BEI) that’s juicier than a reality TV show!
On Wednesday, October 30, 2024, investors reported a delightful round of net selling—IDR 1.42 trillion’s worth! Let’s be honest, when foreigners start pulling their money out, it should make everyone sit up and take note like that moment in a horror film when the lights flicker. If you’re also in the game of “let’s sell everything at once,” you’ve definitely got more guts than sense!
The Numbers Don’t Lie!
After this latest selling spree, foreign investors are now sitting on their thumbs with a total net purchase transaction of just IDR 38.7 trillion for the year. So, if you were wondering how well that’s going, just remember: the net sell of PT Bank Central Asia Tbk (BBCA) was a staggering IDR 572.6 billion. That’s right, billion! Not the kind of number that makes you feel warm and fuzzy, unless you’re in a casino hurling dice without a care in the world.
But wait, there’s more! Not only did BBCA get the boot, but PT Bank Mandiri Tbk (BMRI) shares also got kicked out of the nest, with a net sell of IDR 293.9 billion. No love for these banks, folks. It seems like the only things getting sold at a discount were bank shares!
Sector Breakdown: The Good, the Bad, and the Fugly!
In the grand bazaar of stock sectors, while banks were taking a nosedive, the technology sector showed the deepest dive at a loss of 1.4%. Meanwhile, the composite stock price index (IHSG) slipped down 36.75 points (0.48%) to 7,569.8. Six days of continuous decline? At this rate, it’ll need a lifebuoy!
You’d think foreign investors would snag some bargains with those clearance sales in full swing, but alas! The only items dancing in the “net buy” section were shares of PT Sumber Alfaria Trijaya Tbk (AMRT)—or as many might know it, Alfamart—shuffling in with a modest IDR 21.2 billion. It’s like showing up to a black-tie event in flip-flops—not quite the statement you want to make!
The Royal Flush?
So, what does all of this mean for the savvy investor? Well, it’s a classic case of “not all that glitters is gold.” The majority—234 shares are up, 354 shares fell, and a dire 191 shares just stood there, bewildered, as the market closed.
In summary, with a total transaction value hitting IDR 11.11 trillion and trading volumes soaring to 17.96 billion shares, you might feel like you’re part of a stock market thriller where the plot twist is… *drumroll please* … everybody’s selling instead of buying!
Final Thoughts
If you’re taking stock in Indonesia right now, you might want to pack your bags and hit the next flight out—which is just what foreign investors seem to be doing! And there we have it: markets are fickle, just like your ex—and often less predictable than a cat on a hot tin roof.
JAKARTA, investor.id – In a notable development on Wednesday, October 30, 2024, foreign investors executed significant net selling transactions (net sell) on the Indonesian Stock Exchange (BEI). The total net sell reached an impressive IDR 1.42 trillion across all markets, highlighting a considerable shift in investor sentiment.
Consequently, the cumulative net purchase transactions (net buy) for foreign exchange this year have been further diminished, now standing at IDR 38.7 trillion. This indicates a downturn in investor confidence as overseas capital flow into the market decreases.
The most substantial net sell in the regular market was seen with shares of PT Bank Central Asia Tbk (BBCA), which recorded a staggering IDR 572.6 billion in sell-offs. Additionally, there was a noteworthy amount of selling in shares of PT Bank Mandiri Tbk (BMRI), amounting to IDR 293.9 billion, reflecting a broader trend of divestment from key banking stocks.
Other major banking stocks also faced pressure, with PT Bank Rakyat Indonesia Tbk (BBRI) showing net sell figures of IDR 212.3 billion, while PT Bank Negara Indonesia Tbk (BBNI) witnessed a selling surge worth IDR 104.7 billion.
In contrast, the most substantial net buy activity from foreign investors was recorded in shares of PT Sumber Alfaria Trijaya Tbk (AMRT) or Alfamart, although the total value was relatively modest at IDR 21.2 billion, suggesting a selective interest in retail stocks amidst broader sell-offs.
On the market front, the composite stock price index (IHSG) closed down 36.75 points (0.48%) to settle at 7,569.8. This marked the sixth consecutive day of decline for the JCI, as the market held its breath in anticipation of critical economic data from China and the United States (US).
A total of 234 shares were observed to rise, while 354 shares fell, and 191 shares remained stagnant, signifying a volatile trading session. The overall transaction value reached IDR 11.11 trillion, with trading volume hitting 17.96 billion shares and a frenetic frequency of 1,258,222 trades.
The majority of stock sectors experienced declines at today’s market close. The technology sector bore the deepest decline at 1.4%, followed closely by the primary consumer goods sector down 1.2%, the financial sector by 0.4%, and both the raw goods and property sectors down 0.2% each. This broad sectoral weakness indicates prevailing investor caution.
Conversely, slight gains were recorded in the transportation sector at 0.2%, along with a similar 0.2% increase in the energy sector, and a modest uptick of 0.1% in the health sector, underscoring a few bright spots in a tumultuous trading day.
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Editor: Jahari Mahardhika (jauhari@investor.co.id)
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Data and potential policy changes that could sway investor sentiment.
Despite the downturn, the overall transaction value for the day reached IDR 11.11 trillion, with trading volumes surging to 17.96 billion shares. However, the implications of the mass sell-off have raised questions about the stability of the market moving forward.
Market Sentiment: A Fork in the Road
As foreign investors react to global economic indicators and local market conditions, their withdrawal raises alarm bells. However, it is crucial to recognize that markets are dynamic; what seems like a mass exit today could pivot if sentiment shifts or if good news emerges in the near future.
For domestic investors, such scenarios may present a unique buying opportunity as valuations adjust. Still, caution should be exercised, given the volatility in recent trading sessions. Those who choose to stay in the game must remain vigilant and inform themselves of factors influencing market trends.
What Lies Ahead?
The Indonesian market is experiencing a pivotal moment, reminiscent of key historical shifts. Investors should keep a close eye on upcoming economic reports and policy announcements that might inspire confidence or trigger further reactions.
Conclusion
To sum it all up, while the majority of foreign investors might be hitting the panic button, opportunities may lie beneath the surface. Monitoring trends and making informed decisions could carve pathways for gains, even in tumultuous times. After all, the stock market is akin to a roller coaster: thrilling, unpredictable, and full of surprises!
