JAKARTA. One day after Bank Indonesia (the Central Bank) held the 7-days repo rate at the level of 4.75%, most of banks suffered decreases in their shares prices. The price of PT Bank Danamon Tbk or BDMN’s stake dropped by 1.91% to the level of Rp 4,100 per a share, Friday (20/1). BDMN recorded the most significant decrease in the share price compared to the shares of other banks. During the same period, the shares of PT Bank Rakyat Indonesia Tbk (BBRI) and PT Bank Mandiri Tbk (BMRI) dropped by 1.67% and 0.45%, respectively. The shares of PT Bank Central Asia Tbk (BBCA) were corrected by 0.81%, while PT Bank Negara Indonesia Tbk or BMRI stocks were closed stagnant. “The decreases were driven by profit taking,” said Head of Research of MNC Securities Edwin Sebayang.
Banks suffered profit taking
JAKARTA. One day after Bank Indonesia (the Central Bank) held the 7-days repo rate at the level of 4.75%, most of banks suffered decreases in their shares prices. The price of PT Bank Danamon Tbk or BDMN’s stake dropped by 1.91% to the level of Rp 4,100 per a share, Friday (20/1). BDMN recorded the most significant decrease in the share price compared to the shares of other banks. During the same period, the shares of PT Bank Rakyat Indonesia Tbk (BBRI) and PT Bank Mandiri Tbk (BMRI) dropped by 1.67% and 0.45%, respectively. The shares of PT Bank Central Asia Tbk (BBCA) were corrected by 0.81%, while PT Bank Negara Indonesia Tbk or BMRI stocks were closed stagnant. “The decreases were driven by profit taking,” said Head of Research of MNC Securities Edwin Sebayang.