Jakarta, CNBC Indonesia – PT banking shares Bank Ganesha Tbk (BGTG) and PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO) share a place in the row top gainers in the first half of trading session I, Monday (19/7/2021).
In contrast, the shares of the listed company managing Matahari Department Store outlets PT Matahari Department Store Tbk (LPPF) and the giant cigarette issuer PT Gudang Garam Tbk (GGRM) must be willing to become top losers after dropping to the lower auto rejection limit (ARB) of minus 7%.
The Composite Stock Price Index (JCI) moved down to the red zone this afternoon. JCI weakened 0.67% to 6,031,675 at the close of the first trading session on Monday (19/7).
According to IDX data, there were 169 stocks rising, 302 stocks declining and 151 stocks stagnant, with transaction value reaching Rp 5.64 trillion and trading volume reaching 12.44 billion shares.
Although the JCI was ‘sluggish’, foreign stock market investors entered the country’s stock exchange with a record foreign net purchases of Rp 107.91 billion in the regular market. Meanwhile, foreigners recorded a net buy in the negotiating market and cash market of Rp 9.35 billion.
Here are the top 5 stock gainers and losers of session I today (19/7).
Top Gainers
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Bank Ganesha (BGTG), shares +12.08%, to Rp 167, transaction Rp 147.5 M
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Bank Rakyat Indonesia Agroniaga (AGRO), +11.48%, to Rp 2,330, transaction Rp 256.6 M
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Yelooo Integra Datanet (YELO), +9.86%, to Rp 156, transaction Rp 14.4 M
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Digital Mediatama Maxima (DMMX), +8.33%, to Rp 2,600, transaction Rp 141.2 M
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Royal Prima (PRIM), +7.07%, to Rp 424, transaction Rp 24.6 M
Top Losers
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Matahari Department Store (LPPF), shares -6.98%, to Rp 2,000, transaction Rp 118.5 M
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Gudang Garam (GGRM), -6.97%, to Rp 37,400, transaction Rp 78.9 M
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PAM Mineral (NICL), -6.76%, to Rp 276, transaction Rp 30.6 M
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Chemical Pharmacy (KAEF), -6.45%, to IDR 3,190, transaction IDR 46.3 M
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MNC Studios International (MSIN), -5.24%, to Rp 488, transaction Rp 16.7 M
BGTG shares led the ‘standings’ with an increase of 12.08% to Rp 167/share with a transaction value of Rp 147.5 billion. BGTG shares continued their gains on the previous 2 days. With this, in a week BGTG shares rose 21.90%, while in a month rose 10.60%.
In the second position, AGRO shares rose 11.48% to Rp 2,330/share, continuing their strengthening rally since 3 days ago. In a week this stock rose 17.97%, while in a month soared 71.32%.
Meanwhile, LPPF shares fell by 6.98% ARB to Rp 2,000/share. With this, LPPF shares have been sinking for 5 consecutive days. With this, LPPF’s shares have fallen 21.88% in a week, while in a month they have jumped 12.99%.
The weakening of the stock occurred amid the news Auric Digital Retail Pte. Ltd. (BidCo), a company from Singapore officially became the controller of LPPF after completing a Voluntary Tender Offer (VTO).
Previously, there was a voluntary tender for the company’s shareholders (including the public) to buy company shares, with the offering period starting from June 4 to July 3.
The result, on July 15, in accordance with the Regulation of the Financial Services Authority (POJK) No. 9/POJK.04/2018 regarding the Takeover of a Public Company, Auric announced that they have become the new controlling shareholder of Matahari since July 14, 2021.
“As a result of the VTO, Auric currently owns 840,776,696 shares of the company or equivalent to 32 percent of the total issued and paid-up capital of the company,” said Miranti Hadisusilo Corporate Secretary & Legal Director, in an information disclosure on the Indonesia Stock Exchange (IDX), quoted Monday (19/7).
Previously, Auric Digital Retail became a shareholder of the company through Greater Universal in June 2020. Prior to the tender offer, LPPF’s shares consisted of, among others, PT Multipolar Tbk (MLPL) 19.42%, UBS AG Singapore S/A Greater Universal Ltd 5.32%, and UBS AG Singapore Non-Treaty 5.07%.
Before Auric became the controller of the company, the company did not have a party that either directly or indirectly controlled the company as referred to in POJK 9/2018. Therefore, said Miranti, Auric had no affiliation with the company’s previous controlling party.
In three dollars, GGRM shares also touched the ARB limit with a drop of 6.97%, continuing last Friday’s correction of 1.23%. This made GGRM shares plunged 1.47% in the past week.
CNBC INDONESIA RESEARCH TEAM
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