JAKARTA (Indonesia Today) – Shares of Bumi Resources (BUMI), the largest coal producer in Indonesia, continue to slide. On Wednesday morning, the stock lost another 4% to Rp730, the lowest level since early 2009.
Around 20 million shares were exchanged hands in the first 20 minutes of trading on Indonesia Stock Exchange (IDX). On Tuesday, Bumi Plc, which has 29% interest in BUMI, ended lower 4.23% in London Stock Exchange.