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Jakarta Post

Two newcomers defy gloomy market opening

  • The Jakarta Post

Jakarta   /   Sat, March 14 2020   /  02:02 am

Healthcare provider PT Metro Healthcare Indonesia and property developer PT Makmur Berkah Amanda Tbk defied steep losses in the broader market as their shares were listed for the first time on the local stock exchange on Friday.Just before trading was halted at 9:15 a.m. following a 5 percent plunge in the main index, the Jakarta Composite Index (JCI), the two companies saw their newly listed shares defy the broader market and receive a warm
welcome.Share prices of PT Metro Healthcare, traded on the Indonesia Stock Exchange (IDX) under the code CARE, climbed 6.8 percent to Rp 110 per share, from Rp 103 per share during its initial public offering (IPO) and just a few minutes after trading started. PT Makmur Berkah’s shares, listed under the code AMAN, rose by 34.55 percent to Rp 148 per share from its IPO price of Rp 110 per share. Despite the relatively warm welcome from investors...