JAKARTA – PT Multi Makmur Lemindo Tbk (PIPA) arrived at the top of the gainers list in yesterday’s (11/4) transaction, replacing PT Prima Alloy Steel Universal Tbk (PRAS) that seized the first position last Monday. In its debut day, PIPA only came as strong as the runner-up.

Based on Indonesia Stock Exchange (IDX) data quoted by IDNFinancials today (12/4), PIPA’s stock price went up 34.75% from IDR 141 to IDR 190 per share yesterday (11/4). It reached a higher level compared to the price seen in its first day at the stock exchange, also increasing 34.29% from IDR 105 to 141 per share.

In yesterday’s (11/4) transaction, 18.19 million shares of PIPA were traded within 3,488 transactions worth IDR 3.45 billion. The foreign sell reached 63,400 shares, contrasting with its low foreign buy. This position is in total contrast with the transaction last Monday, in which PIPA’s foreign buy reached 704,600 shares, while its foreign sell clocked up to 9,200 shares.

PT Gunawan Dianjaya Steel Tbk (GDST) then took the runner-up position after securing 25.47% increment to IDR 202 per share, IDR 41 higher than IDR 161 per share last Monday. It once peaked at IDR 212 per share yesterday (11/4) before hitting the lowest at IDR 161 per share. The volume of traded shares were 359.53 million units, recorded within 36,226 transactions worth IDR 69.12 billion. (LK/ZH)