Indofarma Leads 1,364% Surge in State-Owned Enterprise Stock Prices

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11/10/2016 12:46 WIB

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Increase/Decrease of 20 SOEs Shares (December 30, 2015 - October 10, 2016)

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Increase/Decrease of 20 SOEs Shares (December 30, 2015 - October 10, 2016)

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Indofarma's stock led the rise in state-owned enterprise (SOE) stocks throughout 2016. On October 10, 2016, the stock, traded under the code INAF, closed at Rp 2,460 per share, representing a surge of 1,364.29 percent from its closing price at the end of 2015, which was Rp 168.

Five other SOE stocks, namely Semen Baturaja (SMBR), Kimia Farma (KAEF), Aneka Tambang (ANTM), Bukit Asam (PTBA), and Krakatau Steel (KRAS), recorded increases of over 100 percent. However, three other SOEs saw price declines: Perusahaan Gas Negara (PGAS), Semen Indonesia (SMGR), and Jasa Marga (JSMR).

"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."