JAKARTA – The stock of PT Sumi Indo Kabel Tbk (IKBI) reportedly increased 25% in last Friday’s (28/7) closing bell in Indonesia Stock Exchange (IDX). Although it did not reach the upper limit of the auto rejection system, IKBI managed to arrive at the top of the gainers’ list.

Based on the IDX data compiled by IDNFinancials today (31/7), the stock price rose IDR 70 from IDR 280 to IDR 350 per share, its peak throughout the trading day. The lowest it went was IDR 270 per share.

The volume of IKBI’s shares that were being traded clocked up to 674,300 shares, recorded within 164 transactions worth IDR 215.45 million. The positive sentiment gained by IKBI was being utilised by foreign investors to divest their shares. The foreign sell and foreign buy were recorded at 12,700 and 7,500 shares.

On another spot, the stock of PT Pelayaran Nelly Dwi Putri Tbk (NELY) increased 22.33% or IDR 115 per share last Friday (28/7). The price was closed at IDR 630 per share, shifting from IDR 515 per share. It was recorded peaking at IDR 640 per share and hitting the lowest at IDR 515 per share.

The number of traded shares reached 17.65 million, all recorded within 4,425 transactions worth IDR 10.60 billion. This momentum was then utilised by investors to collect more of NELY’s shares, recording foreign sell and foreign buy of 1.26 million and 1.30 million shares. (LK/ZH)