JAKARTA (Indonesia Today) – Bakrie-related stocks gained substantially Wednesday (December 12) morning led by Bumi Resources (BUMI), which jumped 7%.
More than 100 million shares were exchanged hands in the morning session. In London, Bumi Plc closed higher by 4.63%. Bumi Plc owns 29% shares in BUMI and 85% shares in Berau Coal Energy (BRAU).
Bakrieland Development also gained 3.64% following reports about divestment of toll road projects to Bhakti Group.