IHSG Under Pressure Through Thursday (21/5); Lo Kheng Hong Buys This Stock

KOMPAS.com reports that veteran Indonesian investor Lo Kheng Hong bought shares in PT Salim Ivomas Pratama Tbk (SIMP) when the Jakarta Composite Index (IHSG) was under pressure over the past seven days. Citing Kontan and the Indonesia Central Securities Depository (KSEI) on Thursday, 21 May 2026, Lo increased his stake by purchasing 793.64 million SIMP shares, raising his ownership from zero to 5.12%. SIMP, which operates in the palm oil and cooking oil sector, has shown a downward trend over the past week. Nevertheless, Indofood Agri Resources Ltd still holds the largest sole stake, owning 11.38 billion shares or 73.46%. By the close of trading on Friday, 22 May, the IHSG had rebounded, rising 67.10 points or 1.10% to 6,162.04. “The value of transactions on this trading day stood at Rp 17.90 trillion, and over the week the IHSG had weakened by 8.3%,” Pilarmas Team members wrote, quoting Kompas.com on Friday, 22 May 2026. The financial sector remained the most pressured, with a decline of 0.28%.