JAKARTA - After a year of its capital market debut, PT Sumber Mineral Global Abadi Tbk (SMGA)'s share performance slipped on Friday (24/1).

During trading on Friday afternoon, the issuer's share price fluctuated between IDR 59-IDR 60 per share. In other words, the lowest price was at the level of IDR59 and the highest price was traded at IDR60 per share.

The issuer's share price has never passed the IPO price at IDR105. To date, SMGA's share price has fallen 42.85% since its initial listing in the capital market.

At the time of the IPO, SMGA offered 1.75 billion shares with a nominal value of IDR20. Net proceeds of IDR182.05 billion were allocated for nickel and coal procurement. As of last week (15/1), the realisation of the IPO proceeds was IDR164.05 billion, with the remaining funds of IDR18.03 billion. (LK/LM)