Bakrie & Bhakti stocks dominated trading

Bakrie-related stocks dominated stocks trading on Indonesia Stock Exchange (IDX) today, led by Bakrieland and Bumi Resources which gained 5.88% and 2.02% respectively.

Bakrieland (ELTY) topped the trading frequency with 995 million shares exchanged hands (worth Rp275 billion), followed by Bumi Resources with Rp251 billion. Bakrie Sumatra Plantation (UNSP) also gained 3.85%, while Energi Mega Persada (ENRG) gained 1.85%. Most gained on technical rebound.

Bhakti Group-related stocks also traded heavily led by Global Mediacom (Rp63.9 billion), Bhakti Investama (Rp64.9 billion), and Media Nusantara Citra (Rp17.8 billion). They gained 13.8%, 22.86%, and 6.25% respectively. Bhakti plans to divest up to 20% shares in PT MNC Sky Vision, market leader in cable TV business.

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