Jakarta, CNBC Indonesia – Stock issuer of nickel mineral mining, PT PAM Mineral Tbk (NICL), which was just listed on the stock exchange last Friday (9/7) managed to become the top gainers after touching the upper auto rejection (ARA) limit in the first half of today’s trading, Wednesday (14/7/2021).
Meanwhile, the shares of listed mini banks (banks with core capital of Rp 2 trillion-Rp 5 trillion) PT) Bank Oke Indonesia Tbk (DNAR) and the issuer of Matahari Lippo Group outlets PT Matahari Department Store Tbk (LPPF) fell as top losers.
The Composite Stock Price Index (IHSG) again ‘plunge’ until this afternoon. JCI plunged 0.84%, leaving the psychological level of 6,000, to 5,961,685 at the close of the first trading session on Wednesday (14/7).
According to IDX data, there were 135 rising stocks, 338 weakening stocks and 152 immovable stocks, with a transaction value of Rp 5.50 trillion and a trading volume of 11.07 billion shares.
Foreign investors from the stock market entered Indonesia with a record foreign net purchase of Rp 7.29 billion in the regular market. Meanwhile, foreigners recorded a net buy in the negotiating market and cash market of Rp 14.50 billion.
Here are the top 5 stock gainers and losers of session I today (14/7).
Top Gainers
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Acset Indonusa (ACST), shares +25.00%, to IDR 260, transaction IDR 32.9 M
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PAM Mineral (NICL), +24.59%, to Rp 304, transaction Rp 109.9 M
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Darmi Brothers (WOOD), +10.17%, to Rp 65, transaction Rp 11.4 M
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MegaPower Makmur (MPOW), +8.14%, to Rp 93, transaction Rp 3.5 M
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Budi Starch & Sweetener (BUDI), +6.18%, to Rp 189, transaction Rp 23.8 M
Top Losers
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Bank Oke Indonesia (DNAR), shares -6.90%, to Rp 270, transaction Rp 18.2 M
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Allo Bank Indonesia (BBHI), -6.83%, to Rp 3,000, transaction Rp 51.5 M
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Matahari Department Store (LPPF), -5.86%, to Rp 2,250, transaction Rp 93.0 M
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Perdana Karya Perkasa (PKPK), -5.71%, to Rp 66, transaction Rp 3.6 M
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Bank Capital Indonesia (BACA), -5.45%, to Rp 416, transaction Rp 30.1 M
According to the data above, NICL’s shares jumped up to ARA 24.59% to Rp 304/share. This is the fourth time this stock has advanced in the green zone, with 3 times breaking through the ARA, aka it has never stagnated or fallen since doing so initial public offering (IPO).
With this, since the IPO, NICL shares have ‘flown’ 204% of the IPO price of Rp 100/share. The rise in NICL shares that are ‘diligent’ in touching the ARA is common in stocks that have just ‘stuck’ on the exchange.
Previously, the shares of the listed hospital (RS) PT Bundamedik Tbk (BMHS) which had an IPO on July 6 also had ARA for 4 consecutive days, then collapsed. 2 days in a row, on Tuesday (13/7) and today (14/7).
For information, the company released 2 billion new shares, equivalent to 20.7 percent of the company’s issued and fully paid capital, with an IPO price of Rp 100 per share, thus pocketing Rp 200 billion.
The proceeds from the IPO, around Rp 72 billion, will be used for business development of the company and its subsidiary, IBM, with 30 percent for exploration for additional nickel ore reserves in the company’s working block area.
The working blocks include blocks named BCL, Raisa, Kartini, Tiara, and Syahrini with a total area of about 51 hectares located in a mining area with an IUP on behalf of the company in Morowali.
In contrast to fate, DNAR shares fell to the lower auto rejection limit (ARB) of 6.90% to Rp 270/share. DNAR shares seem to be taking profit-taking after 2 days of soaring in the green. Within a week this stock jumped 25.00%.
In addition to DNAR, LPPF’s shares also fell as much as 5.86% to Rp 2,250/share, continuing the correction in yesterday’s trading when ARB closed 6.64%. Previously, on 9 and 12 July these stocks’ were only up 5.74%. As a result, in a week LPPF shares fell by 10.00%, while in a month it shot up 18.42%.
CNBC INDONESIA RESEARCH TEAM
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