JAKARTA – PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) has yet to rebound to its January 2024’s level of IDR 5,600. Although it reached IDR 6,400 in mid-March 2024, it decreased even more to IDR 4,000 last April.

Based on IDNFinancials data today (11/7), BBRI was seen struggling in early April 2024, and it kept declining until mid-June 2024. From IDR 6,400, this state-owned bank stumbled down to IDR 4,100 per share on June 19, 2024.

As of now, BBRI remains stagnant at less than IDR 5,000 per share. This afternoon (11/7), it was closed at IDR 4,860 per share, did not even reach the position seen on January 2, 2024 at IDR 5,675 per share.

For comparison,  PT Barito Renewables Energy Tbk (BREN) has now regained its strength after being dropped out of the special monitoring list of IDX. BREN has shifted up to IDR 9,525 per share, despite its massive slippage to IDR 6,050 on June 7, 2024. BREN’s position as of today exceeds its January 2024 position of IDR 7,600 per share. (LK/ZH)