Ramayana Advances on Buyback Program

JAKARTA (Yosefardi) – Shares of retailer Ramayana Lestari (RALS) advanced 0.95% Friday (September 13) as the company kicked off stock buyback program.
Ramayana dropped significantly from its peak at Rp1640 to as low as Rp850 before regaining grounds in the past few trading days.
Ramayana informed the market that it has started the buyback program on September 5th, 2013 until December 4th, 2013.
The retailer sets aside Rp150 billion for the stock buyback program implemented through Kim Eng Securities.