JAKARTA (Yosefardi) – Investors focus buying on coal related stocks this morning though broader market was on correction.
Berau Coal Energy jumped 7.32% to Rp176 per share, rebounded 47% from its bottom but remain lost 32% from its peak year to date.
Bumi Resources Minerals also gained 2.5% after making over 20% jump this week. Meanwhile Indika Energy advanced 3.6% after gaining 9% on Tuesday (Sept 17).
Other coal stocks; Borneo Lumbung increased 2.08%, Adaro Energy rose 1.05%, and Bumi Resources hiked 3.3%.