Amid last week’s net sale trends, these stocks continue to stare at foreign investors.

Reporter: Kenya Intan The | Editor: Tendi Mahadi

KONTAN.CO.ID – YAKARTA. Over the past week, foreign investors still posted a net settlement net sale up to Rp 2.68 billion. As to net sale This extends the recording of outflows of foreign funds from the stock market from the beginning of the year.

Just so you know, throughout April foreign investors have registered net sale up to Rp. 8.75 billion. When viewed from early 2020, net sale registered up to Rp 19.16 billion.

Also read: The Global Exchange was in the green zone throughout April, what was JCI’s position?

Sucor Sekuritas analyst Hendriko Gani said overseas sales continued due to market uncertainty regarding the handling of COVID-19 in various countries. “So investors still tend to play with safer assets,” Hendriko said when Kontan.co.id contacted them on Sunday (5/3).

Amidst foreign investors pulling out of the stock market this week, there are still a number of stocks that posted net selling shares. Net purchase in a week The shares that were bought by most foreign investors were PT Bank Negara Indonesia Tbk (BBNI), listed Net purchase up to Rp. 144.4 billion.

Followed by PT Telekomunikasi Indonesia Tbk (TLKM) up to Rp 108.6 billion. In addition there is also PT Unilever Indonesia Tbk (UNVR) registered Net purchase up to Rp 96.3 billion.

Hendriko further explained that TLKM and UNVR have the potential to increase revenue amid the COVID-19 pandemic, making their stocks attractive to foreign investors. TLKM, for example, an appeal to work, study and worship from home has the potential to increase income due to the increased use of internet services by customers.

Also read: Net sale Rp 2.68 billion in one week, these shares released by most foreigners

While UNVR, which is classified as a defensive sector, has the potential to post revenue amid the COVID-19 pandemic. “For BBNI, I think because the issuer’s valuation is already cheap,” Hendriko explained when Kontan.co.id contacted on Sunday (5/3).

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