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.
Tuesday, August 14, 2007
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