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Bukalapak Stock Phenomenon That Makes Retail Investors Scream

Jakarta, CNBC Indonesia – Bukalapak Shares (OPEN) got a lot of attention from stock investors this week. After two days, it recorded an auto reject (ARA) or an increase of 25%. E-commerce stock prices tend to continue to decline.

This week, Bukalapak’s share price touched a high of Rp 1,160 per share. Yesterday’s market closing, Bukalapak’s price ended at Rp 955 per share. The IPO price of Bukalapak is at Rp 850 per share.

Broker PT Citigroup Sekuritas (CG) was recorded as the main actor in the net sale of BUKA shares on Friday trading, after selling 4.89 million BUKA shares with an average selling price of Rp. 965/unit.

CG broker is noted to be the most diligent in selling OPEN shares, where since Bukalapak took the floor last Friday, CG has sold 9.75 million lots (equivalent to 975 million shares, 1 lot contains 100 shares) at an average price. sales of Rp. 1,133/unit.

Apart from being sold by foreign investors, OPEN’s shares also made retail investors scream. The falling stock price has made retail investors dissatisfied, even raging because they feel they have lost buying their shares.

This disappointment was expressed by investors through rating and commenting on the Bukalapak application on the Playstore.

Burhani Sulthon’s Android account gave a 1 star rating and commented, “Greetings regarding ARB, if it’s ARA I’ll give you 5, Bro… Thanks.”

Another comment from Indra’s account, “ARB, buy auto at a loss.”

Another one-star rating was also given by Naufal Dwinanda’s account who also commented, “This used to be directly proportional to the OPEN price.”

However, this comment is not entirely negative. One of Julianto Salim’s accounts said that the rating and share price are completely unrelated so these comments are not relevant to the application’s performance.

“When it comes to small money, you just started investing in stocks. Loss is a matter of market mechanism. Why is the rating on the Playstore? Playstore is for rating apps, is it good or not, there are problems when it’s not used. You press the button to buy at Haka [hajar kanan] even you rating here. Logically, please use at least 1%, not 0%. Looks stupid,” he wrote.

Another similar comment was delivered by Nur Akhlish’s account. “Stuck in stocks and shouting here. Did Bukalapak tell you to buy the shares? You’re stupid. If you want profit, you don’t want to lose, don’t buy shares, just put it in a piggy bank. Lot doesn’t act too much. Still 5 stars for Bukalapak,” he said.

[Gambas:Video CNBC]

(roy/roy)



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