JAKARTA. The capital outflows continue, as during the last one week the net sells of foreign investors reached Rp 3.1 trillion. However, the Jakarta Composite Index (JCI) remains solid. During the last week, JCI has increased by 2.4 to 5,245.96. The analysts believe the stock index still has the potential to strengthen. Moreover, foreign investors did not drop all positions in the stock market. This reflects on the number of stock transactions that had driven the index last week. Foreign brokers were still active trading in the shares of the index movers. For an example, PT Bank Rakyat Indonesia (BBRI) was the top of transaction mover on the last Friday. Morgan Stanley and Nomura recorded the highest net buys of BBRI shares that amounted to Rp 43.17 billion and Rp 13.60 billion, respectively. Even so, the foreign brokers also sold their shares. The shares were then bought by the local investors.
Local investors support stock market
JAKARTA. The capital outflows continue, as during the last one week the net sells of foreign investors reached Rp 3.1 trillion. However, the Jakarta Composite Index (JCI) remains solid. During the last week, JCI has increased by 2.4 to 5,245.96. The analysts believe the stock index still has the potential to strengthen. Moreover, foreign investors did not drop all positions in the stock market. This reflects on the number of stock transactions that had driven the index last week. Foreign brokers were still active trading in the shares of the index movers. For an example, PT Bank Rakyat Indonesia (BBRI) was the top of transaction mover on the last Friday. Morgan Stanley and Nomura recorded the highest net buys of BBRI shares that amounted to Rp 43.17 billion and Rp 13.60 billion, respectively. Even so, the foreign brokers also sold their shares. The shares were then bought by the local investors.