JAKARTA – Stock performances of two out of three issuers debuting on Indonesia Stock Exchange on November 8, 2023, were seen improving as of last week (15/11). They are PT Ikapharmindo Putramas Tbk (IKPM) and PT Mastersystem Infotama Tbk (MSTI).

Based on the compiled data by IDNFinancials today (18/11), IKPM was reported increasing 67.27% to IDR 276 per share at the closing bell last Friday (15/11) from its initial public offering (IPO) price of IDR 165 each set on November 8, 2023.

IKPM recorded transaction volume of 1.41 million, recorded within 124 transactions worth IDR 382.13 million. All in all, its listed shares were at 1.68 billion, with market capitalisation reaching IDR 464.96 billion.

Meanwhile, MSTI climbed 12.91% to IDR 1,530 per share from IDR 1,355 per share set at its IPO. Transaction volume reached 485,400 shares, recorded within 397 transactions worth IDR 743.74 million. Total listed shares were at 3.13 billion, with market cap reaching IDR 4.80 trillion.

However, PT Kian Santang Muliatama Tbk (RGAS) reported 20.83% decline to IDR 95 per share from its IPO price of IDR 120 per share. The number of listed shares were at 1.45 billion, with total market cap of IDR 138.62 billion. (LK/ZH)