JAKARTA (Yosefardi) – Shares of property developer Gading Development (GAMA) gained 16.7% Friday (December 27) after stock market authorities resumed its trading.
Almost 116 million shares were exchanged hands Friday after one-month of trading suspension following around 80% fall of the stock price last month.
The stock collapsed from as high as Rp510 in late October to as low as Rp71 last month.
The stock was heavily traded since early October when it soared from Rp430 to as high as Rp510, but in early November the stock collapsed to Rp410 and further down to Rp90 on November 15.
Gading Development develops Botanical City (Solo), D’Dome Residence, Senopati Residence (Bekasi), Hotel Solo Baru, Gading Greenhill apartment, etc.