JAKARTA: Three shares gained on the first trading debuts at the Jakarta Stock Exchange, and moved in opposite to other exchange-traded stocks which continued to decline this morning.
PT Indo Straits Tbk increased IDR50 or 5.26% to IDR1,000, whilst PT Sidomulyo Selaras Tbk rose IDR20 or 8.89% to IDR245 as of 10.10 a.m. local time. Meanwhile, PT Alkindo Naratama Tbk advanced IDR25 or 11.11% to IDR250.Integrated sea and logistic services company Indo Straits set its initial public offering (IPO) at IDR950 per share, entitling the company with IDR95 billion proceeds. The company sold 100 million new shares at the IPO or 18.18% of its enlarged capital.Meanwhile, chemical transportation provider Sidomulyo Selaras pocketed IDR53.33 billion via IPO at IDR225 per share. The company issued 237 million new shares or 26.13% of its enlarged capital.Alkindo Naratama, paper tube, paper core, and honey comb producer, set the final price of its IPO at IDR225 a share. The company received IDR33 billion. Alkindo sold 150 million new shares or 27.27% of its enlarged capital. (msw)
