Of The Four Sharescated Simultaneously On The IDX Today, Only Cap Tikus Producer's Shares The Price Rises

Illustration. (Photo: Doc. Antara)

JAKARTA - Four new arrivals who today recorded the same fate on the Indonesia Stock Exchange (IDX), have different fates. Of the four stocks, one of them was immediately responded positively by investors.

Meanwhile, the other three stocks moved down.

One stock whose price continues to climb is PT Jobubu 1, Minasa Tbk (BEER). The shares of liquor producer (miras) Cap Tikus are in a position to move up to the level of Rp258.

The record rose 17.27 percent from its initial price of IDR 220.

For information, Jobbu Minahasa released 800 million shares. So, with the initial price set, the company earned IDR 176 billion of fresh funds.

As for the recording, BEER's stock market capitalization reached IDR 880 billion.

Unlike BEER's shares, the prices of two other stocks, namely PT Mitra Tirta Buwana Tbk (SOUL) and PT Data Sinergitama Jaya Tbk (ELIT), immediately dropped to their lowest level on their first day on the IDX.

SOUL shares fell 10 percent from the initial price of Rp110 to Rp99. Then ELIT shares fell 6.67 percent to the level of Rp112 from their initial price of Rp120.

Meanwhile, CBPE shares closed slightly down 0.67 percent to the level of Rp149. This stock had risen to the highest level of Rp200 with a lowest level of Rp144 from its initial price of Rp190.