JAKARTA - After a year of listing on the capital market, the share performance of PT Citra Nusantara Gemilang Tbk (CGAS) fell 69.82% to IDR 102 per share from IDR 338 per share.

Data compiled by IDN Financials, Tuesday (7/1), CGAS' share price in the afternoon trading session touched IDR101 per share. The lowest price of the issuer's shares reached IDR100 and the highest price was at IDR105 per share. Yesterday (6/1), the company's share price closed at IDR102 per share with a trading volume of 2.50 million in 405 transactions worth IDR256.50 million.

During its initial public offering (IPO) on 8 January 2024, CGAS shares were offered at IDR338 per share. The number of shares issued was 531.42 million with a target fund of IDR179.62 billion.  

90% of the funds was used as capital expenditure to finance the construction of a Liquefied Natural Gas (LNG) station at Galian Field Tambun Zone 7 Regional 2 and the remaining 10% as working capital. (LK/LM)