Jakarta, CNBC Indonesia – Coal stock prices shot up again in today’s trading, although the reference index for the local stock exchange, namely the Composite Stock Price Index (IHSG), was observed to have dropped 0.48%.
The rise in coal stocks is not far from bmanynya good news that has been a catalyst for coal stocks in recent days.The price of the Newcastle thermal coal futures contract continued to strengthen. The recovery in demand from consuming countries and news about the Covid-19 vaccine sent prices soaring.
On trade today contract price soft rock which is actively traded strengthened to ke level US$ 74,30/your. This shows that the price of jet stones has recovered from the corona pandemic and is preparing to approach the highest level this year in numbers US$ 77,15/your.
other than that positive sentiment additionalcame from the contract to purchase Indonesian coal by China which reached IDR 20 trillion and news circulating among market players that the Minerba Government Regulation Draft (RPP) will be promulgated as a PP in early December.
Suddenly, coal stocks rose again in today’s trading.
Recorded all giant coal issuers on the stock exchange managed to turn green in today’s trading and only one is corrected.
The increase itself is led by PT Indika Energy Tbk (INDY) who managed to fly 1,76% to the level of Rp 1.735/unit. Meanwhile, its subsidiary PT Petrosea Tbk (PTRO) was also in third place with an increase of 0.97%.
Sedangkan other limestone stocks with a large increase i.e. PT Delta Dunia Makmur Tbk (DOID) who managed to fly 1,47% to the level of Rp 414/unit.
PT Bukit Asam Tbk (PTBA) also managed to increase shares of the giant Red Plate coal giant 0,41% to the price level of Rp2.450 / unit after the company after coal gasification plan becomes national strategic project.
Meanwhile, the coal company only coal stocks were correcteda million people namely PT Bumi Resources Tbk (BUMI) who had to fall2,82% to the level of Rp63/unit. BUMI was corrected due to investors taking profit taking after yesterday’s price of BUMI flew 20.34% high.
CNBC INDONESIA RESEARCH TEAM
(trp/trp)
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