JAKARTA - Shares of  PT Saraswanti Anugerah Makmur Tbk (SAMF) have strengthened until the close of the first session on Tuesday (21/1) since the stock split plan was approved last week (16/1). The issuer's share price was IDR 1,030, up 37.3% from IDR 750.

Data compiled by IDN Financials, at the beginning of the morning session SAMF shares were at IDR 823, up 24.85% to IDR 1,030 at 12.00 WIB. Last week (15/1), the issuer's share price closed down IDR 85 to IDR 725.

The upward trend in SAMF shares lasted this week after the stock split plan was approved by shareholders. The stock split ratio is 1:2 or one share becomes two new shares. The nominal value of the shares will be IDR 50 from IDR 100 per share.

In addition, the authorised capital of IDR 1.74 trillion is divided into 34.8 billion with a nominal value of IDR 50 per share. Total issued and fully paid-up capital is recorded at IDR 512.5 billion or 10.25 billion shares. (LK/LM)