Shares of PT Pelat Merah Nusantara Tbk (NIKL) and PT Indofarma Tbk (INAF) were the top performers, yielding the highest returns for shareholders with price increases exceeding 1,000 percent. Similarly, shares of PT Barito Pacific Tbk (BRPT), PT Indika Energy Tbk (INDY), PT Delta Dunia Makmur Tbk (DOID), and PT Semen Baturaja (SMBR) also generated substantial profits for investors on the Jakarta Stock Exchange, with increases exceeding 300 percent.
In 2016, NIKL shares increased by 1,558.4 percent to Rp 830 per share, while INAF shares surged by 1,068.8 percent to Rp 1,870 per unit. BRPT shares rose by 633.3 percent to Rp 955, and INDY shares climbed by 518.9 percent to Rp 675 per share.
The rise of the Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange, nearing the 5,500 level, benefited Jakarta Stock Exchange investors. As of August 23, 2016, the IHSG had recorded a 19.4 percent increase to 5,403.99 from its year-opening position of 4,525.92. Investors celebrated as their shareholdings soared by thousands of percent.