Antam Tumbang Stocks, Kaesang: Playing Stocks Will Not Make You Suddenly Rich, I Hold Hard!

Children President Joko Widodo (Jokowi), Kaesang Hope. (Photo: Instagram @kaesangp)

JAKARTA - The trend of strengthening PT Aneka Tambang Tbk's share price has stopped today, Wednesday, January 6. The shares of the issuer coded ANTM closed lower in line with the reductions in the Composite Stock Price Index (IHSG).

JCI closed lower today. JCI ended down 1.17 percent or 71.66 points to the level of 6,065.68.

A total of 173 stocks rose, 319 stocks fell, and 144 stocks were stagnant. ANTM was one of the stocks experiencing weakness.

Antam's shares collapsed. (Photo: RTI)

The share price of this gold and nickel producer company fell 0.45 percent or 10 points to a level of Rp2,220 per share. ANTM shares moved in the range of IDR 2,130-2,290 today with a volume of 629.21 million shares and a transaction value of IDR 1.40 trillion.

The youngest son of President Joko Widodo (Jokowi), Kaesang Pangarep, who is known to have ANTM in his portfolio, also responded to the weakening of Antam's shares. Kaesang answered a question from a netizen named @balgissafira who asked whether Gibran Rakabuming's younger brother still held Antam's shares or had they taken profit or sold at a profit.

"Yes, I don't know. Try asking there. Don't think that your percent every day can go up by 10. Avoid thinking like that. Investing in stocks will not make us suddenly rich. Everything has a process. We enjoy the process. I hold on very hard," he replied. Kaesang on his personal Twitter account, @kaesangp, quoted by VOI, Wednesday, January 6.

Kaesang's frequent recommendations for Antam's shares make the public wonder, was Kaesang being endorsed by the gold and nickel producer company?

Antam's SVP of Corporate Secretary Kunto Hendrapawoko also spoke up. He denied that the company endorsed Kaesang to promote Antam's shares.

"It can be said that Antam has not endorsed anyone for the promotion of the company's shares. We really appreciate the positive public response to Antam's shares in line with the improving outlook for the economy and the stock exchange in early 2021," he said, when contacted by VOI, in Jakarta, Tuesday, 5 January.

Furthermore, Kunto said, Antam will always focus on optimizing the production and sales performance of the main nickel, gold and bauxite commodities in 2021 through the implementation of consistent health protocols.

"In 2021, Antam will also continue to increase the added value of products, and implement strategic policies related to proper and efficient cost management in line with the COVID-19 pandemic situation to be able to continue to record positive performance so that it can provide optimal returns for stakeholders and shareholders. , "he said.