DGIK-UNVR Shares ‘Run’, Coal Trio Suck ARB!

Jakarta, CNBC Indonesia – Construction issuer PT . shares Nusa Konstruksi Enjiniring Tbk (DGIK) and consumer goods issuer PT Unilever Indonesia Tbk (UNVR) were the top gainers in the first half of today’s trading, Thursday (7/10/2021).

In contrast, the trio of shares of coal issuers, such as PT Indika Energy Tbk (INDY), sank to the bottom of the auto rejection limit (ARB) and became the top losers.

The Composite Stock Price Index (JCI) moved up and down like a roller coaster until this afternoon. JCI finally fell slightly 0.04% to 6,414.93 at the close of the first trading session (7/10).

According to IDX data, there were 223 stocks up, 267 stocks down and 155 stocks stagnant, with transaction value reaching Rp 11.07 trillion and trading volume reaching 15.19 billion shares.

Foreign investors from the stock market entered Indonesia with a record foreign net purchase of Rp 1.05 trillion in the regular market. Meanwhile, foreigners recorded net sales in the negotiating market and cash market of Rp 820.61 billion.

Here are the top 5 stock gainers and losers of today’s session (7/10).

Top Gainers

1. Nusa Konstruksi Enjiniring (DGIK), shares +20.78%, to Rp 93, transaction Rp 31.8 M

2. Unilever Indonesia (UNVR), +12.88%, to Rp 4,820, transaction Rp 991.4 M

3. Wismilak Inti Makmur (WIIM), +10.68%, to Rp 570, transaction Rp 42.3 M

4. Gudang Garam (GGRM), +5.30%, to Rp. 34,800, transaction of Rp. 78.1 M

5. Bukopin Family Planning Bank (BBKP), +5.26%, to Rp 440, transaction Rp 112.4 M

Top Losers

1. Indika Energy (INDY), shares -6.94%, to Rp 2,010, transaction Rp 136.6 M

2. Indo Tambangraya Megah (ITMG), -6.92%, to Rp 23,875, transaction Rp 201.2 M

3. Prosperous World Delta (DOID), -6,90%, to Rp 324, transaction Rp 37.3 M

4. Multipolar (MLPL), -6.67%, to Rp 448, transaction Rp 133.2 M

5. Star Insurance (ASBI), -6.59%, to Rp 312, transaction Rp 14.9 M

DGIK shares jumped 20.78% to Rp 93/share, continuing the gains in the last 2 trades.

The increase in DGIK shares occurred amid the plan of the controlling shareholder of the pharmaceutical and medical device issuer, PT Itama Rayonara Tbk (IRRA), namely PT Global Dinamika Kencana, which will take over 51.85% of the company’s shares.

Previously, Global Dinamika bought DGIK shares from old investors, namely PT Lintas Kebayoran Lama as much as 34.12%, PT Loasaindo Aditama 7.6%, PT Rezeki Segitiga Emas as much as 9.32% and PT Multidaya Hutama Indokarunia 0.81%, so that the total shares taken over were 51.85%.

The share purchase process was completed on October 6, 2021. The takeover price is at the level of Rp 80/share, bringing the total transaction to Rp 229.84 billion. This price is higher than the market price on Wednesday (6/10), which is Rp. 77/share.

Meanwhile, Global Dinamika Kencana is the controlling company of IRRA with ownership of 69.75% shares as of June 2021.

Besides DGIK, UNVR’s shares also jumped 12.88% to Rp 4,820/share. This increase was in the midst of a net buy (net buy) by foreign investors amounting to Rp 124.9 billion, the fourth largest in the stock exchange.

In addition to UNVR shares, a number of other non-cyclical consumer goods stocks, such as cigarette manufacturers PT Gudang Garam Tbk (GGRM) and PT HM Sampoerna Tbk (HMSP) rose by 5.30% and 5.12%, respectively.

In contrast, three coal stocks sank to the ARB. INDY shares fell 6.94% to Rp 2,010/share, ITMG shares fell 6.92%, and DOID shares fell 6.90%.

The weakening of coal stocks occurred in line with profit-taking after these stocks recently experienced an upward trend in the midst of a surge in coal commodity prices which had penetrated US$ 280/ton.

CNBC INDONESIA RESEARCH TEAM

[Gambas:Video CNBC]

(adf/adf)

– .