Jakarta –
Indonesia now has a vehicle battery holding company called Indonesia Battery Corporation (IBC). The holding held by BUMN Minister Erick Thohir consists of MIND ID, PT Pertamina (Persero), PT PLN (Persero), and PT Aneka Tambang Tbk.
The IBC inauguration turned out to provide a positive sentiment to the market. This is because after IBC was established, shares of mining issuers, especially PT Antam Tbk (ANTM), rose 250 points or 11.47% to Rp 2,430 per share at the close of trading on Friday (26/3).
Quoted from RTI’s data, Saturday (27/3/2021), ANTM’s shares have been traded 93,037 times with ANTM’s trading volume reaching 652.29 million lots in yesterday’s trade, resulting in a transaction value of IDR 1.54 trillion. Then, the market capitalization reached IDR 58.39 trillion.
Apart from ANTM, shares of other mining issuers are also “fast”. For example, such as PT Vale Indonesia Tbk (INCO). Yesterday, INCO was opened at the level of Rp. 4,410, and rose 320 points or 7.34% to the level of Rp. 4,680 at the close of trading.
INCO’s shares have been traded 19,381 times with a trading volume of 80.07 million lots, and resulted in a transaction value of IDR 367.92 billion. INCO’s stock market capitalization reaches Rp 46.5 trillion.
Do not forget also the shares of other mining SOEs, namely PT Timah Tbk (TINS) also soared after the formation of the IBC. TINS stock price opened at Rp 1,690 in yesterday’s trading, then rose 90 points or 5.42% at the close of trading to Rp 1,750 / share.
TINS shares have been traded 33,325 times, with a trading volume of 195.78 million lots, resulting in a transaction value of IDR 338.04 billion. Then, TINS market capitalization reached Rp. 13.03 trillion.
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