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PT Garuda Indonesia (Persero) Tbk's share price has continued to fall since the former CEO, Emirsyah Satar, was named a suspect in an alleged bribery case related to aircraft engine purchases on Thursday, January 19th. Based on Indonesia Stock Exchange data, Garuda Indonesia shares fell Rp 8 per share (2.26 percent) to Rp 346 per share.
On Friday, January 20, 2017, the share price of GIAA (the trading code) opened unchanged from the previous day's closing price of Rp 346 per share. However, at the close, Garuda shares weakened again by Rp 8 per share (2.3 percent) to Rp 368 per share, in line with the correction in blue-chip stocks on the Jakarta Stock Exchange.
The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange closed down 44.637 points (0.84 percent) on January 20th, to 5,254.637. The weakening of the Rupiah and investor anticipation ahead of Donald Trump's inauguration as the 45th President of the United States triggered the fall in share prices on the Jakarta Stock Exchange. Trump's anticipated protectionist policies have made investors cautious about investing in the stock market.
"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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