JAKARTA - PT Multitrend Indo Tbk (BABY) shares touched IDR 226 per share at the closing bell yesterday (23/1). However, the price has not recovered to the offering price when it was listed on the capital market which was recorded at IDR 266 per share.

Based on the data compiled by IDN Financials on Wednesday (24/1), this issuer's shares grew 32.94% or IDR 56 from the previous (22/1) price of IDR 170 per share. BABY shares had touched the highest price of IDR 228 per share. This growth achievement places this issuer in the top position among the 10 Top Gainers.

Throughout the trading day, the volume of this issuer's shares was transacted 18.41 million in 13,750 times worth IDR 23.11 billion. Meanwhile, positive sentiment about this issuer encouraged investors to sell more shares. Foreign sell and foreign buy were recorded at 4.56 million and 5.22 million shares, respectively.

BABY made its debut on the capital market on September 7, 2023 by listing 2.66 billion shares with a nominal value of IDR 2, consisting of 800 million founder shares, 1.33 billion bond conversion and an offering to the public of 534 million shares. (LK/LM)