Foreign Investors Show Increased Interest in Banking Stocks Over the Past Month

RTI Business data shows that at least 10 stocks were most purchased by foreign investors, or had the highest net foreign buy (NFB), from January to early February 2024.

Among the top 10, the majority are banking stocks. Below is a summary of the banking stocks purchased by foreign investors:

* BBCA

BBCA, the issuer of PT Bank Central Asia Tbk, ranks first with the highest foreign purchases, reaching Rp2.1 trillion during that period. The trading volume in the last month reached 1.4 billion shares with a frequency of 238,000 times and a transaction value of Rp13.8 trillion.

The current BBCA share price is Rp9,650 per share (Tuesday, February 6, 2024). Its market capitalization exceeds Rp1,189 trillion.

* BMRI

Second place is BMRI from PT Bank Mandiri Tbk with an NFB of Rp1.5 trillion. The traded share volume reached 1.9 billion shares with a frequency of 197,000 times and a transaction value of Rp12.2 trillion.

The BMRI share price is Rp6,875 per share, and its market capitalization is Rp641.67 trillion.

* BBRI

Third on the list is the stock from PT Bank Rakyat Indonesia Tbk, with foreign purchases reaching Rp984 billion in the last month. The circulating share volume reached 2.4 billion shares with a frequency of 283,000 times and a transaction value of Rp13.8 trillion.

The share price is Rp5,825 today, and its market capitalization is Rp882 trillion.

* BRIS

The stock of PT Bank Syariah Indonesia Tbk ranks fifth with an NFB value of Rp417.2 billion. The traded share volume in the last month reached 1 billion shares with a frequency of 221,000 times and a transaction value of Rp2.2 trillion.

Its share price is Rp2,320 today, and its market capitalization is Rp107.02 trillion.

* BBNI

Just below BRIS is BBNI with an NFB of Rp350.5 billion. The shares of PT Bank Negara Indonesia Tbk were circulated up to 848 million shares with a frequency of 133,000 times and a transaction value of Rp4.7 trillion.

Its share price is Rp5,800 per share, and its market capitalization is Rp216.32 trillion.

* ARTO

This Bank Jago issuer is the last bank on the top 10 most traded list. ARTO was purchased by foreign investors up to Rp232.6 billion. The volume of shares circulated reached 378.6 million shares with a frequency of 137,000 times and a transaction value of Rp1.3 trillion.

The ARTO share price is currently down, at Rp3,080 per share. Its market capitalization is Rp42.68 trillion.

Here is a list of the top 10 stocks most purchased by foreign investors, or with the highest NFB, from January 5th to February 5th, 2024:

1. BBCA (BCA) Rp2.1 trillion
2. BMRI (Bank Mandiri) Rp1.5 trillion
3. BBRI (BRI) Rp984 billion
4. TLKM (Telkom Indonesia) Rp975 billion
5. BRIS (Bank Syariah Indonesia) Rp417.2 billion
6. BBNI (BNI) Rp350.5 billion
7. AMMN (Amman Mineral Internasional) Rp349.6 billion
8. ARTO (Bank Jago) Rp232.6 billion
9. MAPI (Mitra Adiperkasa) Rp217.6 billion
10. ADRO (Adaro Energy Indonesia) Rp128.2 billion

(See also: [Inilah 10 Emiten dengan Kapitalisasi Pasar Terbesar Awal Februari 2024, Ada Milik Orang Terkaya RI](https://databoks.katadata.co.id/datapublish/2024/02/06/inilah-10-emiten-dengan-kapitalisasi-pasar-terbesar-awal-februari-2024-ada-milik-orang-terkaya-ri))