Bisnis.com, JAKARTA – The stock price of PT Bukalapak.com Tbk (BUKA) was closed by lower auto reject (ARB) at the close of trading today, Wednesday (1/12/2021). The fall in the stock price of one of the Indonesian marketplace companies in the lower limit zone has even occurred in the past week.
This closing price level is the lowest since OPEN took the floor on the stock exchange in early August 2021. When traced, the price of BUKA’s shares has even increased 40 percent compared to the dowry of Rp. 850 per share during the IPO. However, the decline in the share price of PT Bukalapak.com Tbk. (OPEN) like an anomaly.
The reason is, the company has just released its latest financial performance as of the end of the third quarter of 2021, Tuesday (30/11/2021).
This achievement in the first 9 months of 2021 shows that the company affiliated with the Elang Mahkota (EMTK) conglomerate posted fundamental performance improvements. Bukalapak recorded rising revenues, and at the same time the company’s losses continued to decline.
This fact is clearly an irony in itself. Moreover, BUKA actually became a champion of analysts as this issuer entered through the fast entry route into 5 major indexes at once. They are IDX30, LQ45, IDX80, JII and JII70 respectively.
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