Garuda dives 17.33% to IDR620 despite JCI rebounds

Bisnis.com,11 Feb 2011, 09:56 WIB
Penulis: Wandrik Panca Adiguna

JAKARTA: Amidst a 0.54% rebound of Jakarta Composite Index at Indonesia Stock Exchange (IDX) this afternoon, T Garuda Indonesia (Persero) Tbk (GIAA) plunged 17.33% to IDR620 at the trading debut from the IPO level of IDR750.Referring to the closing price this afternoon, market capitalization of Garuda Indonesia has reached IDR14.26 trillion.Garuda stocks at the pre-listing today that once touched the lowest level at IDR580 slumped by 22.66% and highest level at IDR700 fell 6.66% from initial price.Based on Bloomberg data, the five biggest net seller of Garudas stocks today were Mandiri Sekuritas with IDR28.61 billion, Panca Global Securities IDR22.56 billion, DBS Vickers Securities IDR18.05 billion, Samuel Sekuritas IDR17.18 billion and Sinar Mas Sekuritas IDR8.59 billion.The five biggest net buyers of Garudas stocks led by Valbury Asia Securities with IDR48.78 billion, e-Trading Securities IDR12.36 billion, Deutsche Securities IDR10.55 billion, Danareksa Sekuritas IDR10.06 billion and Trimegah Securities IDR9.99 billion.The lead underwriters of Garudas IPO were Bahana Securities, Danareksa Sekuritas, and Mandiri Sekuritas also assisted by 53 brokers joined in underwriting syndicate. (t06/wiw)

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