Jakarta, CNBC Indonesia – In the midst of the Composite Stock Price Index (CSPI) successfully exiting the red zone on Wednesday (12/8/2021), as many as 6 stocks with large transaction values closed down to touch the lower auto rejection limit (ARB).
According to data from the Indonesia Stock Exchange (IDX), the JCI closed up a very thin 0.02% to 6,603.798, after having slipped into the red zone in the second session of the afternoon. Today’s transaction value reached Rp 20.41 trillion, with trading volume reaching 31.31 billion shares.
Foreign investors recorded a net sale of Rp 155.20 billion in the regular market, but made a net purchase of Rp 2.68 trillion in the negotiating market and cash market.
Here are 6 ‘loser’ stocks that closed to touch the ARB limit today.
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Avia Avian (AVIA), shares -6.99%, to Rp 865/share, transaction value Rp 631.7 B
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Ace Oldfields (KUAS), -6.99%, to Rp. 173/share, transaction value of Rp. 221.0 M
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Karya Bersama Anugerah (KBAG), -6.98%, to Rp 80/share, transaction value Rp 34.2 M
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Indosat (ISAT), -6.95%, to IDR 7,025/share, transaction value IDR 11.08 M
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Saraswanti Anugerah Makmur (SAMF), -6.75%, to Rp. 1,175/share, transaction value of Rp. 13.05 M
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OBM Drilchem (OBMD), -6.67%, to Rp. 168/share, transaction value of Rp. 17.9M
According to the data above, there are 2 issuer stocks that have just been listed on the stock exchange today, namely issuers paint manufacturer under the Avian AVIA brand and a company that produces OBMD additives.
The debut of the two stocks on the day was not happy because it fell to ARB.
AVIA shares fell 6.99% to Rp 865/share. This stock only briefly enjoyed a strengthening, namely to the position of Rp 970/share shortly after the market opening bell rang this morning.
In this IPO debut, the company received fresh funds of Rp 5.76 trillion. With this funding, AVIA became the third company with a jumbo IPO value in the country’s capital market this year after e-commerce issuer PT Bukalapak.com Tbk (BUKA) and Telkom Group tower issuer PT Dayamitra Telekomunikasi Tbk (MTEL).
In addition, today, AVIA shares are directly traded by foreigners in the negotiating market at a jumbo value.
Trade data noted that foreigners made a net purchase of Rp 3.22 trillion, equivalent to 5.6% of the outstanding shares at the initial offering price (IPO), which was Rp 930/unit.
Apart from foreign investors, local investors also transacted AVIA shares on the negotiable market with a value of more than Rp 2 trillion.
In total, there were 56.3 million lots or the equivalent of 5.63 billion AVIA shares traded in the negotiating market with a jumbo value of Rp 5.24 trillion.
Then, OBMD shares also tumbled to touch the ARB limit of 6.67% in the middle of the transaction value reaching Rp 17.9 billion.
OBM Drilchem released 182,000,000 shares or 24.86% of the issued and fully paid capital at an offering price of Rp 180 per share.
OBM Drilchem management explained that all the funds obtained by the Company from this IPO, will be entirely used by the company to purchase raw materials in the form of cellulose fiber powder and calcium carbonate from third parties to anticipate contracts that will be obtained by the company in the future.
In addition to the two stocks above, the shares of the issuer of the painting equipment trading company KUAS, which was listed on the stock exchange on October 25, 2021, also fell by 6.99%.
With this, KUAS shares have sunk in the red zone for 6 consecutive days.
Last Tuesday (7/12), ISAT shares also touched the ARB limit of 6.78%. This weakening coincided with the ex-dividend schedule in the regular market and the ISAT stock negotiation market.
As a result, in a week ISAT shares eroded 10.51%, while in a month it was still up 0.36%.
For information, ISAT will distribute jumbo dividends worth a total of Rp. 9.5 trillion.
Thus, each shareholder whose name is in the Company’s Register of Shareholders (DPS) will be entitled to receive a dividend of Rp 1,748.27 per share.
The cum interim dividend date in the regular and negotiated markets is scheduled for 6 December 2021. Ex dividends in the regular and negotiated markets on 7 December 2021.
Meanwhile, the cum dividend in the cash market and the date of the list of shareholders entitled to receive the interim dividend or recording date is December 8. Meanwhile, the interim dividend payment will be on December 16, 2021.
CNBC INDONESIA RESEARCH TEAM
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