JAKARTA (Yosefardi) – Shares of coal producer Garda Tujuh Buana (GTBO) collapsed 15.5% to Rp1310 Thursday (Jan 09).
Stock market authorities resumed trading in the stock Thursday morning. The stock collapsed from as high as Rp6250 last year to as low as Rp550 in November 2013.
GTBO then rallied to Rp1550 on December 11, 2013 and stayed there until January 6th, 2014.
Other coal producers closed morning session in higher grounds, but on a relatively thin trading volume. Adaro Energy advanced 1.06% with almost 36 million shares exchanged hands, while Bumi Resources gained 0.3% with less than 3 million shares traded.