2017, Hanson Stock Price Fell 35 Percent

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22/11/2017 17:43 WIB

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Share Price Movement (December 30, 2016 - November 22, 2017)

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Share Price Movement (December 30, 2016 - November 22, 2017)

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On Wednesday's trading (November 22), PT Hanson International Tbk's share price closed at Rp 109 per share, up 2.83 percent from the previous day's closing. However, throughout this year, the share price of MYRX has still recorded a decrease of 35.5 percent from Rp 169 per share at the end of last year.

Technically, using the 14-day Relative Strength Index (RSI) indicator, Hanson's share price is still quite cheap and has the potential to rise. This is reflected in Hanson's RSI index, which is still at the level of 39.75 on a scale of 0-100. A level of 30 indicates that the share price is oversold, while 70 indicates overbought.

Benny Tjokrosaputro finally won his lawsuit against global financial institution Goldman Sachs regarding the ownership of Hanson International shares. With this victory, Benny will receive Rp 320 billion in compensation. Previously, Benny sold 425 million Hanson International shares to Platinum Partners with a repurchase agreement. However, the shares, which should still be repurchased, had already been transferred to Goldman Sachs.

"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."

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2017, Hanson Stock Price Fell 35 Percent

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2017, Hanson Stock Price Fell 35 Percent

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