According to Bank Indonesia’s latest data, around Rp 1.1 trillion worth of foreign funds were withdrawn from Indonesia’s stock and debt markets in the fourth week of December.
The outflows were mainly the result of profit-taking in government bonds (SUN) and BI certificates (SBI), BI spokesman Difi Johansyah said Wednesday.
“Amid improving global sentiment, foreign investors tend to reduce their fund placements while repositioning their assets ahead of the year end," Difi said in a statement sent to reporters.
Foreign investors sold Rp 1.07 trillion worth of SBIs last week (Dec. 18 to 23), leaving a slight dent in foreign ownership which declined to 27 percent from 27.5 percent in the previous week.
“Despite year-end repositioning, the decline in foreign ownership of SBI has been happening since the middle of October this year, as a result of BI's policy to reduce the supply of these certificates," Difi said.
Foreign investors also sold Rp 290 billion in government bonds, but the proportion of foreign ownership was stable at 30.8 percent as of Dec. 23.
Meanwhile, in the stock market a slight increase in foreign funds was also seen. Foreigners bought a net Rp 250 billion last week, totaling in Rp 19.63 trillion of inflows throughout the year.
As of Dec. 23, capital inflows reached Rp 116.2 trillion in stocks, government bonds and SBIs, BI data shows. (est)
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