Bisnis.com, JAKARTA – The year 2020 is almost over, but the surprises on the trading floor cannot really end. At least that message is reflected in the movement of shares of PT Bank Jago Tbk. this whole week.
Starting at the beginning of the week with indications of a decline in prices from the previous week’s trading, the banking issuer coded ARTO immediately took off as soon as the calendar entered December.
Starting with slight increases in trading on Tuesday (12/1/2020) and the following day, ARTO then experienced significant gains, to be precise 13.4 percent to a price of IDR 3,300 at the end of trading Thursday (3/12). This good report card continued until the weekend, when Bank Jago shares traded at Rp4,050 at the close of trading on Friday (4/12).
The final price not only increased 22.7 percent compared to the previous day’s position, but also confirmed the surge that ARTO has experienced during the year (year-to-date / ytd). When pulled to the position at the beginning of the year, which only cost Rp. 466.43, ARTO’s shares have now shot up 768.29 percent.
Kanaka senior analyst Hita Solvera Janson Nasrial projects that the strengthening trend of ARTO shares has great potential to continue into next year. The first trigger was economic recovery sentiment triggered by the development of the search for a Covid-19 vaccine.
“Because the super sensitive sector and the first to be affected by the easing of social restrictions is banking,” he told Bisnis, Friday (4/12).
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