The Price Has Fallen By 72.48 Percent From The Time Of The IPO, GOTO Is Already Gerus JCI To 443.6 Points: The Capitalization Of Markets Leaves Rp110 Trillion

GOTO's share listing. (Photo: Doc. GoTo)

JAKARTA - Shares of PT GoTo Gojek Tokopedia Tbk continue to decline until Friday, December 9. In today's trading, GOTO shares are perched at the level of Rp93.

Based on that record, GOTO shares have fallen 72.48 percent from their initial price of IDR 338.

Citing statistical data from the Indonesia Stock Exchange (IDX), with a decline of 72.48 percent from its initial price, GOTO is at the top of the shares that erode the Composite Stock Price Index (JCI).

As of today, GOTO has eroded JCI up to 443.6 points. At the same time, GOTO's stock market capitalization collapsed from IDR 400.31 trillion to IDR 110 trillion.

Meanwhile, the JCI is currently at the level of 6,715.12, down 1.31 percent from the previous day. Meanwhile, when compared to the position at the end of 2021, the JCI still grew 2.03 percent.

Previously, IDX Director I Gede Nyoman Yetna once said, as of November 28, the weight of GOTO in the JCI was 4.89 percent.

From there, Nyoman said, if the GOTO share price fell 7 percent in one trading day, then the effect on the JCI decline in one day will be 0.34 percent.

Over time, the IDX launched a new economic board. The listing of GOTO shares also moved to the new board.

Meanwhile, IDX Director Irvan Susandy explained that there was no change in the influence of GOTO to the JCI due to the movement of the board. "The calculation of the impact of the price movement of the GOTO effect will remain the same as the previous calculations," said Irvan to reporters, Friday, December 9.

Even so, Irvan said, the percentage of GOTO weights changed along with changes in price and market capitalization.