Monday, 23 September 2019 | 01:45 WIB

SOE Stocks Post Gains after Announcement of Presidential Election Result

SOE Stocks Post Gains after Announcement of Presidential Election Result (investasi)

JAKARTA, NETRALNEWS.COM - The Indonesia General Election Commission (KPU) has announced presidential election candidate pair Joko Widodo-Ma'ruf Amin as the winner of the 2019 Presidential Election.

The momentum has also affected state-owned contractor PT Wijaya Karya (Persero) Tbk [WIKA] to increase 25 points in the opening session to the level of Rp2,010. Meanwhile, other BUMN contractors, such as PT Waskita Karya (Persero) Tbk [WKST] also gained 20 points to the level of Rp1,685.

The price increase was also experienced by PT Adhi Karya (Persero) Tbk [ADHI] by 50 points to the level of Rp1,425 and PT PP (Persero) Tbk [PTPP] by 50 points to Rp1,890.

"While the state-owned toll road company PT Jasa Marga (Persero) Tbk [JSMR] also started trading by strengthening 50 points to the level of Rp. 5,325. The movement continued the positive trend by strengthening 25.58 percent throughout the current period of 2019," as quoted from page of the Indonesia Stock Exchange (IDX), Tuesday (05/21/2019).

In addition, state-owned companies in the mining sector, shares of PT Aneka Tambang Tbk [ANTM] were recorded to rise 5 points to Rp. 690 at the opening of the trade. While the strengthening of prices was also experienced by PT Bukit Asam Tbk [PTBA] as much as 20 points to the level of Rp2,830 and PT Timah Tbk [TINS] 10 points to the level of Rp1,085.

Not to forget, the shares of state-owned banking issuers also strengthened. PT Bank Mandiri (Persero) Tbk [BMRI] started trading with an appreciation of 50 points to the level of Rp7,275. Then the shares of PT Bank Rakyat Indonesia (Persero) Tbk [BBRI] started trading with a strengthening of 50 points to the level of Rp3,800. Similar conditions were experienced by PT Bank Negara Indonesia (Persero) Tbk [BBNI] which rose 25 points to the level of Rp.8,450 and PT Bank Tabungan Negara (Persero) Tbk [BBTN] which rose 20 points to the level of Rp2,350.

"A number of BUMN shares which are monitored stagnant or opened with the same price from the previous trading closing price level include PT Perusahaan Gas Negara Tbk [PGAS], PT Telekomunikasi Indonesia (Persero) Tbk [TLKM], PT Garuda Indonesia (Persero) Tbk [ GIAA] and PT Krakatau Steel (Persero) Tbk [KRAS], "it was written.