Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) on Thursday morning trade (9/10/20) opened down 1.26% at the level of 5,084.03. After 6 minutes, the decline in the JCI got worse, namely 4.27% at the level of 4,929.22 due to the reintroduction of the total PSBB by the Governor of DKI Jakarta, Anies Baswedan.
At 09.40 WIB, the main reference index for the Indonesia Stock Exchange (IDX) fell 3.67% to the level of 4,958. Today’s lowest level was at 4,925.
Trade data noted that foreign investors made net selling of Rp. 1363 billion in the regular market today with today’s transaction value of Rp. 3.65 trillion.
Even though the JCI fell, there were still 5 stocks that recorded strengthening per session I at 9:40 WIB, the majority of stocks that were just listed on the IDX this week.
5 Excessive Shares This Morning, 10 September 2020
1. PT Rockfields Properti Indonesia Tbk (ROCK)
ROCK stocks shot up to touch auto reject above (ARA) when it first took the floor on the stock exchange today. Its shares soared 25% to the level of Rp 1,675 / share.
Rockfields conducted an Initial Public Offering (IPO) on Thursday (10/9/2020), becoming one of two issuers that listing with PT Grand House Mulia Tbk. (HOMI). HOMI’s shares also shot 24.75% to Rp 474 / share.
In its prospectus, ROCK management explained, the company released 287.03 million shares or 20% of the issued and fully paid capital. The shares have an IPO price of Rp1,340 / share.
2. PT Soho Global Health Tbk (SOHO)
The shares of this supplement producer, Imboost, rose 24.73% to Rp 3,530 / share, also almost touching the ARA limit of 25%. When it debuted on the stock exchange last Tuesday (8/9), SOHO’s shares were observed to have strengthened 24.73% or rose 450 points to the position of Rp 2,270 per share from the public offering price of Rp 1,820 per share.
3. PT Puri Global Sukses Tbk (PURI)
Saham eThis property partner from Batam, Riau Islands, also shot 24.65% to the level of Rp 354 / share or almost touched ARA this morning.
Together with SOHO, PURI listed its initial shares on the IDX last Tuesday. When it debuted, the 41st issuer in 2020 saw its share price increase by 34.12% to Rp 228 per share after being transacted 14 times with a volume of 12 thousand share units. The market capitalization value of PURI on the IDX is IDR 228 billion.
4. PT Terregra Asia Energy Tbk (TGRA)
The issuer’s shares which focus on the renewable energy business shot up 13.70% to Rp 82 / share. In the past year, TGRA’s shares had high fluctuations, but management denied the movement in the share price associated with the name Benny Tjokrosaputro, one of the defendants in the Jiwasraya case.
Terregra Asia Energy Corporate Secretary Christin Suwito emphasized that the volatility of TGRA’s share price is also not affiliated with Benny Tjokrosaputro, owner and controller of PT Hanson International Tbk (MYRX). “There is an issue that is developing wildly. We clarify that we are linked to Benjtok shares. I can answer, I checked and not a single TGRA share belongs to Benjtok,” Christin explained in the IDX disclosure.
5. PT Kurniamitra Duta Sentosa Tbk (KMDS)
KMDS shares shot up 11.21% to the level of Rp 645 / share this morning. KMDS took the floor on the IDX on Monday this week, along with two other issuers, namely PT Bank Bisnis Internasional Tbk (BBSI) and PT Selaras Citra Nusantara Perkasa Tbk (SCNP).
When it was first listed, KMDS shares rose and even shot 24.67% at the level of IDR 374 / share, this level of increase touched the ARA upper limit of 25% for the price level of IDR 200-IDR 5,000 / share.
KMDS became the 39th issuer on the IDX by releasing 160 million IPO shares at an initial price of IDR 300 / share. The official website notes, KMDS has been established for more than 15 years in the food and beverage business and focuses on the distribution business of superior products.
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