10 Biggest Stock Plunges of 2023: Some Down 99%

Amidst volatile stock price movements, several domestic issuers have seen their prices plummet this year.

Based on Bloomberg data analysis published by Katadata, the stock that has fallen the most is PT Indosterling Technomedia Tbk (TECH).

From the beginning of this year until December 14, 2023, the price of TECH shares has dropped 99% (year-to-date/ytd), from Rp3,990 to Rp50 per share (December 14, 2023).

Here is a complete list of the 10 stocks with the deepest price declines in Indonesia from January 1 to December 14, 2023, according to Bloomberg data:

1. PT Indosterling Technomedia Tbk (TECH): down 99% (ytd)
2. PT Mitra Komunikasi Nusantara Tbk (MKNT): down 96% (ytd)
3. PT Berkah Beton Sadaya Tbk (BEBS): down 93% (ytd)
4. PT Himalaya Energi Perkasa Tbk (HADE): down 92% (ytd)
5. PT Bangun Karya Perkasa Jaya Tbk (KRYA): down 88% (ytd)
6. PT Modern Internasional Tbk (MDRN): down 88% (ytd)
7. PT Leyand International Tbk (LAPD): down 88% (ytd)
8. PT Megalestari Epack Sentosaraya Tbk (EPAC): down 86% (ytd)
9. PT Indah Prakasa Sentosa Tbk (INPS): down 85% (ytd)
10. PT Pelayaran Tamarin Samudra Tbk (TAMU): down 84% (ytd)

(See also: 10 Most Profitable Stocks in 2023, Some Up 5,000 Percent)