JAKARTA. Indonesia Stock Exchange (IDX) has revised the new list of the most liquid shares in the constituent index, LQ45. The shares of three issuers, namely PT Bumi Resources Tbk (BUMI), PT XL Axiata Tbk (EXCL), and PT PP Properti Tbk (PPRO) have been listed on the LQ45 index. Conversely, three issuers, namely PT Global Mediacom Tbk (BMTR), PT Matahari Putra Prima Tbk (MPPA), and PT Siloam International Hospitals Tbk (SILO) have been removed from LQ45 index. Recently, those three issuers, which have just been listed on LQ45 index, have been recording increases in volume and value of transactions. Analyst at Erdhika Elit Sekuritas Toufan Yamin said, the plan for massive debt restructuring has upgraded the shares of BUMI that have been half asleep for some time. Meanwhile, EXCL has recorded some improvements in terms of fundamentals so that the EXCL’s shares become attractive for investors. Toufan said that EXCL has made some improvements in operational revenues. “We expect that EXCL’s performance will be much better,” Toufan said.
Three issuers just listed on LQ45 Index
JAKARTA. Indonesia Stock Exchange (IDX) has revised the new list of the most liquid shares in the constituent index, LQ45. The shares of three issuers, namely PT Bumi Resources Tbk (BUMI), PT XL Axiata Tbk (EXCL), and PT PP Properti Tbk (PPRO) have been listed on the LQ45 index. Conversely, three issuers, namely PT Global Mediacom Tbk (BMTR), PT Matahari Putra Prima Tbk (MPPA), and PT Siloam International Hospitals Tbk (SILO) have been removed from LQ45 index. Recently, those three issuers, which have just been listed on LQ45 index, have been recording increases in volume and value of transactions. Analyst at Erdhika Elit Sekuritas Toufan Yamin said, the plan for massive debt restructuring has upgraded the shares of BUMI that have been half asleep for some time. Meanwhile, EXCL has recorded some improvements in terms of fundamentals so that the EXCL’s shares become attractive for investors. Toufan said that EXCL has made some improvements in operational revenues. “We expect that EXCL’s performance will be much better,” Toufan said.