JAKARTA - The shares of PT Bukalapak.com Tbk (BUKA) are again in the spotlight of investors. After continuing to be depressed from the initial price of Rp. 850 to Rp. 268, BUKA's stock began to move up.
From its lowest level on March 21, 2022 to trading Monday, March 28, BUKA's shares advanced to the level of Rp334. This means that the increase in the price of OPEN's shares has reached 24.63 percent within six trading days.
The strengthening of BUKA shares also continued in today's trading (Tuesday 29 March). As of 14:04 WIB, BUKA's shares were recorded at the level of Rp. 344, up 2.99 percent from the previous day.
Seeing this movement, Kanaka Hita Solvera analyst Andhika Cipta estimates that BUKA's share price could continue to increase to Rp410. One of the drivers is the opening of a trading lock-up for Bukalapak's strategic investors.
"In addition, there is also euphoria about the IPO plan of PT Gojek Tokopedia Tbk (GOTO)," said Andhika.
From these positive sentiments, Andhika also recommended that investors could re-accumulate BUKA shares.
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