JAKARTA (Indonesia Today) – Bumi Resources (BUMI), the largest coal producer in Indonesia, drops further by 10% to Rp800 Tuesday morning.
THe stock lost more than 5% Monday following reports about the company’s net loss of US$322 million in the first half of 2012 due to higher financial costs and squeezed margins.
More than 60 million shares were exchanged hands in less than one hour of trading Tuesday.