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Top 10 Losers in Early 2024: Prajogo Pangestu's Companies Dominate

Nabilah Muhamad 09/01/2024 19:45 WIB

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Based on RTI Business data, five out of the ten top losing stocks of the last week belong to companies owned by Prajogo Pangestu.

10 Stocks with the Steepest Price Declines (January 3-9, 2024)

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Top 10 Losers in Early 2024: Prajogo Pangestu's Companies Dominate

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10 Stocks with the Steepest Price Declines (January 3-9, 2024)

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Several stocks experienced the biggest price drops in the first week of the new year, or January 3-9, 2024.

According to RTI Business data, companies owned by Prajogo Pangestu dominated the steepest declines during this period.

First, PT Barito Renewables Energy Tbk (BREN) saw its share price fall by 28.95% to Rp5,400 per share. This placed BREN as the second-largest declining stock in Indonesia.

This was followed by PT Chandra Asri Petrochemical Tbk (TPIA), which plummeted 25.96% to Rp80 per share, followed by PT Barito Pacific Tbk (BRPT), down 22.02% to Rp1,080 per share.

PT Petrosea Tbk (PTRO) also fell 20.53% to Rp4,510 per share, and PT Gozco Plantations Tbk (GZCO) saw its share price decrease by 11.94% to Rp118 per share.

However, the top loser was another issuer, PT Venteny Fortuna International Tbk (VTNY), with a decline of 32.58% to Rp178 per share.

RTI Business also noted that the Jakarta Composite Index (IHSG) contracted by 1.68% during the same period.

Here are the 10 Indonesian stocks with the steepest declines at the beginning of 2024, or during the period of January 3-9, 2024:

1. PT Venteny Fortuna International Tbk (VTNY): down 32.58% to Rp178 per share
2. PT Barito Renewables Energy Tbk (BREN): down 28.95% to Rp5,400 per share
3. PT Era Media Sejahtera Tbk (DOOH): down 27.27% to Rp80 per share
4. PT Chandra Asri Petrochemical Tbk (TPIA): down 25.96% to Rp4,220 per share
5. PT Barito Pacific Tbk (BRPT): down 22.02% to Rp1,080 per share
6. PT Petrosea Tbk (PTRO): down 20.53% to Rp4,510 per share
7. PT Itama Ranoraya Tbk (IRRA): down 17.45% to Rp615 per share
8. PT Hetzer Medical Indonesia Tbk (MEDS): down 16.13% to Rp52 per share
9. PT Bekasi Asri Pemula Tbk (BAPA): down 12.66% to Rp69 per share
10. PT Gozco Plantations Tbk (GZCO): down 11.94% to Rp118 per share

(See also: BBCA, Most Popular Stock Purchased by Foreign Investors in the First Week of 2024)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."