JAKARTA (Yosefardi) – Shares of Bumi Resources Minerals Tbk (BMRS) surged 10.6% this morning on technical buying, as the stock had fallen 63% from its peak year to date.
BMRS, owner of 18% shares in PT Newmont Nusa Tenggara, reached its bottom at Rp105 per share in August 21, 2013. It had rebounded 48% from its bottom.
Parent company Bumi Resources (BUMI), controlled by Bakrie Group, also gained 1.19% to Rp425 per share. The stock had lost over 45% year to date.