Had Soared 34.2 Percent, The Share Price Of The Winner Of The Formula E Circuit Tender Was Slammed By Foreign Investors To The Level Of Rp118

Illustration. (Doc. Between)

JAKARTA - The shares of the winner of the tender for the Formula E racing circuit PT Jaya Konstruksi Manggala Pratama Tbk (JKON) have made investors nervous. Having shot up to the level of Rp. 141 or up 34.28 percent, JKON's shares actually turned down to the level of Rp. 118 per share at the close of trading Monday, February 7.

At that level, JKON's shares rose 12.38 percent from Friday's trading level, February 4, at Rp105 per share.

Citing trading data, throughout the day JKON shares are traded with a frequency of 12,386 times. The transaction value reached more than IDR 17.6 billion.

Since opening trading, JKON's stock has continued to jump up. Before finally many investors took profit taking actions so that they finally closed the trade at the level of Rp. 118 per share.

It was noted that foreign investors took advantage of the increase in JKON shares. Foreign net sells on JKON shares reached Rp1.49 billion.

As is known, PT Jaya Konstruksi Manggala Pratama Tbk has officially become the winner of the tender for the international Formula E Balang circuit. This subsidiary of PT Pembangunan Jaya Ancol Tbk received the best assessment among other providers through an evaluation and clarification process.

Head of the Secretary Division of PT Jakarta Propertindo (Jakpro) Nadia Diposanjoyo conveyed that Manggala Construction Services had been selected since February 1 last. In the process, a transparent selection process has been carried out which can be accessed through the company's e-procurement website and fulfills the principles of procurement of goods and services.

In addition, the company won the tender based on the passing of various assessment criteria whose requirements and clarification results were made together with the implementing consultant team, the company's ad hoc procurement team, and the Formula E team. the electric car.

"In the process, PT Jaya Konstruksi Manggala Pratama Tbk obtained the adequacy and fulfillment of the best assessment among other providers through an evaluation and clarification process," said Nadia in an official statement, Saturday, February 5.