JAKARTA – The stock of PT Lovina Beach Brewery Tbk (STRK) shifted 35% upwards during its debut in Indonesia Stock Exchange (IDX) yesterday (10/10). This is the third newcomer company that reigned the top gainers' list for three consecutive days.

Based on IDX data quoted (11/10), the stock of STRK rose 35% throughout the session. It was closed at its peak, IDR 135 per share, from the initial opening price of IDR 100 per share.

The volume of traded shares was 21.62 billion units, all recorded within 4,861 transactions worth IDR 2.91 billion. The increase of the stock price was then utilised by investors to rake in profit, as seen from foreign sell of 7,000 shares and zero foreign buy. 

At the runner-up position, sat PT Semacon Integrated Tbk (SEMA), also with an increase of 35% due to its lowest transaction price hit IDR 96 per share. It was also closed at IDR 135 per share, growing from IDR 100 per share seen for its initial offering.

The number of traded shares clocked up to 134.93 million, recorded within 12,810 transactions worth IDR 16.59 billion. Foreign investors seem more enthusiastic towards SEMA, as seen from its foreign sell of 734,100 shares and foreign buy of 776,400 shares. (LK/ZH)