An Investigation of Stock Price Predictions on The Holdings of Local and Foreign Investors

Ary Yunanto


This study aims to compare the performance of local versus foreign investors in predicting stock prices. The population of this study includes all stocks listed on the Indonesia Stock Exchange (IDX) by selecting the monthly observation period from August 2019 to August 2022. The sample of this study was shares of companies owned by local and foreign investors obtained by 789 companies. The findings suggest that the increasing ownership of local investors, the share price becomes falling in the future. On the other hand, increased ownership by foreign investors, stock price in the future will increase. The influence of company share ownership by local investors is more dominant than foreign investors in predicting future stock prices.

Keywords: Predicting, Stock Prices, Local and Foreign Investors

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