Jakarta, CNBC Indonesia – As the Composite Stock Price Index (JCI) weakened to the red zone on Monday (12/20/2021), there were at least 15 stocks that fell to the bottom of 7% auto rejection (ARB) in the midst of busy transaction values.
According to data from the Indonesia Stock Exchange (IDX), the JCI closed down 0.83% to a level of 6,547.11, with a transaction value of Rp 11.56 trillion and a trading volume of 24.20 billion shares.
Foreign investors recorded a net selling value of Rp 287.06 billion in the regular market, but booked a net purchase of Rp 930.44 billion in the negotiating market and cash market.
Here are the stocks that touched the ARB limit today (20/12).
Surya Esa Perkasa (ESSA), shares -6.92%, to Rp 484/share, transaction value Rp 57.58 M
Supra Boga Lestari (RANC), -6.98%, to Rp. 1,800/share, transaction value of Rp. 1.18 M
Sidomulyo Selaras (SDMU), -6.90%, to Rp. 81/share, transaction value of Rp. 10.23 M
Limas Indonesia Prosperous (LMAS), -6.87%, to Rp 122/share, transaction value Rp 13.31 M
Pollux Properties Indonesia (POLL), -6.87%, to Rp. 1,355/share, transaction value of Rp. 4.26 M
MNC Studios International (MSIN), -6.69%, to Rp. 1,325/share, transaction value of Rp. 19.23 M
Maspion Bank Indonesia (BMAS), -%, to IDR 6.67/share, transaction value IDR 1.10 M
Bank Amar Indonesia (AMAR), -6.67%, to Rp 490/share, transaction value Rp 4.85 M
Multi Prima Prosperous (LPIN), -6.61%, to Rp 1,130/share, transaction value Rp 3.78 M
QNB Indonesia Bank (BKSW), -6.61%, to IDR 226/share, transaction value of IDR 21.48 M
Palma Serasih (PSGO), -6.61%, to Rp. 226/share, transaction value of Rp. 5.57 M
Djasa Ubersakti (PTDU), -6.60%, to Rp. 198/share, transaction value of Rp. 5.27 M
Sharia Life Insurance Abadi Partner Services (JMAS), -6.59%, to IDR 170/share, transaction value IDR 6.98 M
Centratama Telecommunication Indonesia (CENT), -6.57%, to Rp 256/share, transaction value Rp 12.03 M
Plastindo Core Synergy (ESIP), -6.54%, to Rp. 143/share, transaction value of Rp. 2.06 M
Shares of LPG (Liquefied Petroleum Gas) distribution company ESSA led the decline, dropping 6.92 percent to Rp 484/share, in the midst of the transaction value reaching Rp 57.58 billion.
This decline continued the 0.95% correction on Friday (17/12) last week. Prior to this, ESSA shares had recorded an upward rally for 6 consecutive days.
As a result, in a week ESSA’s shares still soared 19.21% and in a month soared 37.50%.
Ranch Market management company RANC’s shares also fell 6.98% to Rp 1,800/share. This is the fifth time in a row that RANC shares have fallen, with 4 consecutive ARBs.
Within a week, RANC shares fell 28.85% and in a month ‘falled’ 28.29%.
The latest news is that the Djarum Group, through PT Global Digital Niaga (GDN) will hold a mandatory tender offer after the company acquires RANC.
Based on the submitted prospectus, a tender offer must be made for RANC shares owned by entitled shareholders with a maximum of 766,598,872 shares with a nominal value of Rp 100 per share or a total of approximately Rp 49% of the issued and fully paid up capital of RANC .
“The mandatory tender offer price is IDR 2,550 per share and therefore the value of the mandatory tender offer is IDR 1,954,827,123,600,” the prospectus wrote, Monday (15/11/2021).
As is known, on September 15, 2021, GDN signed a Share Purchase Binding Agreement in the target company, namely PT Supra Boga Lestari Tbk (RANC) with the seller for the takeover by acquiring 797,888,628 shares, which is 51% of the issued and fully paid capital. in the target company.
The mandatory tender offer period will be held from November 16 to December 15, 2021. Payment date is December 27, 2021.
For three dollars, SDMU’s shares also fell sharply 6.90%, in the midst of the transaction value which reached Rp 10.23 billion today.
LMAS and POLL shares both fell 6.87% in trading earlier this week.
CNBC INDONESIA RESEARCH TEAM