JAKARTA (Yosefardi) – Investors focus buying shares of coal producers this morning, along with broader market sentiment.
Indika Energy surged 6.7% to Rp800 per share, rebounded over 60% from bottom, but still lost over 50% from its peak year to date.
Borneo Lumbung jumped 4.6% to Rp230 per share, on news the company’s unit has extended its loan. The stock however has fallen 59% from its peak year to date.
Other coal stocks; Bumi Resources Minerals gained 2.17%, Harum Energy hiked 5.26%, Adaro Energy lifted 4.4%, Bumi Resources increased 1.08%, and Berau Coal climbed 1.59%. Delta Dunia, Bukit Asam and Petrosea also gained over 3% but in thin volume.