JAKARTA. Shares of PT Unilever Indonesia Tbk (UNVR) continued to plunge in the red zone during Friday's (21/2) trading session, experiencing a significant price drop.

Today (21/2), UNVR shares fell 4.44% to IDR 1,290 per share, down from IDR 1,345 at the start of the trading session.

Unilever Indonesia's market capitalization has now shrunk to IDR 51.5 trillion, a substantial drop from IDR 134.67 trillion the previous year.

According to data from the Indonesia Stock Exchange (IDX), UNVR shares were traded 6,779 times, with a transaction volume reaching 27.15 million shares and a trading value of IDR 36.84 billion.

Throughout 2025, there has been no official statement from the management regarding the decline in UNVR's stock price. However, last year, Benjie Yap, President Director of UNVR, mentioned that the decline in the stock price was a response to the company's business performance being affected by a boycott in November and December of 2024.

"This has indeed become a challenge for our company," Benjie said during the public presentation of the company's financial performance for the first quarter of 2024, conducted online on Wednesday (24/4). (DK/ZH)