JAKARTA (Yosefardi) – Investors keep buying coal stocks this morning for technical reason. The stocks are viewed at cheap prices after significant corrections from peaks year to date.
While coal related companies have not yet made such a change or improvements on their fundamentals.
Indika Energy gained 2.5%, Adaro Energy rose 1.06%, Delta Dunia increased 1.09%, Petrosea climbed 2.5%, Borneo Lumbung added 2.5%, and Berau Coal advanced 1.06%.
While Bumi Resources and its unit Bumi Resources Minerals were flat.