A year after IPO, performance of two issuers declines
JAKARTA – The stock performance of PT Samcro Hyosung Adilestari Tbk (ACRO) and PT Manggung Polahraya Tbk (MANG) has declined after being listed on the stock market for a year since January 11, 2024.
As of the close of trading last weekend (10/1), the share prices of these two companies dropped by 33.3% and 7%, respectively.
According to data compiled by IDN Financials on Monday (13/1), ACRO's stock price was recorded at Rp73 per share at the end of last week. The highest and lowest prices for ACRO were both at Rp74 per share.
The stock trading volume reached 4.96 million shares in 665 transactions, with a total value of Rp362.68 million. At its IPO, ACRO offered 693.82 million shares with an offering price of Rp108 per share, targeting to raise Rp74.93 billion.
Meanwhile, MANG's stock price was recorded at Rp93 per share, with a highest transaction price of Rp93 and a lowest price of Rp88 per share.
The trading volume reached 59.18 million shares with 1,427 transactions, and the total transaction value reached Rp5.58 billion.
During its IPO, MANG offered 762.5 million shares with an offering price of Rp100 per share, targeting to raise Rp76.25 billion. (LK)