Tuesday, August 14, 2007

BNI Under Pressure

Margin trading pressure The price of PT Bank Negara Indonesia's Tbk (BNI) stock on the first trading day after its divestiture was closed down by 2.43% to IDR2,000 from IDR2,050. Today price BNI down by 6,25% to IDR 1.875.


Of 3.47 billion shares of BNI sold, 29.10% were bought by foreign investors, 43.38% by domestic institutional investors, and 27.52% by domestic individual investors. After the rights issue, the Indonesian government controls a 73.35% stake in BNI, down from 99%, and the public seizes a 26.5% stake.

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