JAKARTA (Yosefardi) – Bank Tabungan Negara (BBTN) drops 4% Wednesday (July 24) as investors responded negatively the bank’s first half 2013 results.
More than 15 million BTN shares exchanged hands. The stock has dropped substantially from its peak at Rp1740 in April 2013.
BTN booked net profit of Rp673 billion in the first half ended June 30, 2013, inched up from Rp659 billion in the corresponding period of 2012.
On the other hand, Bank Tabungan Pensiunan Nasional (BTPN) gained 2.2% to Rp4675 as it reported strong first half performance. BTPN shares, however, have dropped substantially from Rp6050 in early May 2013.