JAKARTA (Yosefardi) – Shares of construction firms, PT Waskita Karya Tbk (WSKT) and PT Wijaya Karya Tbk (WIKA) have rebounded 30% from their bottom.
Both stocks made consistent gains since January to June, reached their peaks, but then declined and reached their bottoms late last month.
This morning, Waskita Karya gained 5.08% to Rp620, rebounded 35% from bottom. the stock had fallen 41% from its peak year to date. This stock started this year at Rp600.
While Wijaya Karya rose 3.19% to Rp1,940, rebounded 37% from its bottom. The stock lost 32% from its peak year to date. It also started trading at around Rp1,800 this year.