JAKARTA – The stock of PT Lion Metal Works Tbk (LION) reported 25% price surge amidst the negative trend shown by Jakarta Composite Index (JCI) yesterday (24/8). The increase leads the company to the top of the gainers’ list.

Based on Indonesia Stock Exchange (IDX) data quoted today (25/8), LION’s stock grew IDR 130 per share to IDR 650 from the initial IDR 520 per share. It was also the highest price during yesterday’s transaction, while its lowest was recorded at IDR 525 per share.

The positive sentiment of JCI at the beginning of the session encourages investors to mass-divest their shares. Throughout the day, the foreign buy reached 12,900 shares, whereas foreign sell was only 4,200 shares. The total traded volume was 407,100 shares, involved in 462 transactions worth IDR 258.81 million.

Then, PT Mitra Komunikasi Nusantara Tbk (MKNT), a penny stock, showed 20% shift in its price or IDR 1 per share. It grew from IDR 5 per share to IDR 6 per share. A similar shift was seen in PT Minna Padi Investama Tbk (PADI), who arrived at yesterday’s runner-up position.

Approximately 12.84 million shares were being traded in 130 transactions worth IDR 77.05 million. There is a lack of foreign investors’ activities, as indicated through foreign buy and sell that were recorded at zero. (LK/ZH)