JAKARTA (Yosefardi) – Energy company PT Indika Energy (INDY) Tbk dropped further to the lowest level in more than four years Thursday (May 16).
Indika ended lower by 1.96% to Rp1,000, the lowest level since late 2008 with almost 8 million shares exchanged hands.
The stock has dropped substantially from its peak at around Rp4750 in early 2011.
Indika is parent of mining contractor PT Petrosea (PTRO) Tbk and shipping company PT Mitrabahtera Segara Sejati (MBSS) Tbk. Indika is co-owner of third largest coal producer PT Kideco Jaya Agung.