Thursday, December 17, 2009

Pressure on Bakrie stocks continues

Bakrie-related stocks are still under selling pressures in a relatively thin trading for the whole market. BUMI, which already lost 30% its value since late September, declined 1% in the first session this morning.
Energi Mega Persada (ENRG) has lost over 60% its value from its peak this year, but declined by another 1% this morning. Bakrieland also lost another 2.44%, while Bakrie Sumatra Plantation (UNSP) declined 1.8%. The only gainer is Bakrie & Brothers (BNBR) with 1.14%.
Bakrieland has lost 47.4% its value since early September, while Bakrie Sumatra dropped 45% since August. Darma Henwa, which acquired by BUMI early this year, has already lost 47% from its peak in June.



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