JAKARTA (Yosefardi) – Coal producer Adaro Energy (ADRO) lost another 4.8% this morning after losing significantly Monday.
More than 77 million shares were exchanged hands in less than two hours of trading.
Borneo Lumbung Energi also down 1.76% to its new low, while Bumi Resources gained 3.8% on relatively thin trading volume.
Indo Tambangraya lost further by 2.35%, while Bukit Asam was flat after losing more than 8% Monday. Indika Energy, Harum Energy, and Bayan Resources were also in negative territory.
In Sydney, Australia, coal giants BHP Billiton and Rio Tinto lost 1% and 2.4% respectively, while Noble Group gained 1.45% in Singapore.