PT Ancora Indonesia Resources Tbk (OKAS)managed to grab the top gainer title during yesterday’s closing bell (16/5) in Indonesia Stock Exchange (IDX). A day before yesterday (15/5), the issuer was stuck at the runner-up position under PT Sarana Mitra Luas Tbk (SMIL) following its debt restructuring plan that resulted in positive sentiment among the public.

Based on IDX data compiled by IDNFinancials today (17/5), OKAS’s stock price grew IDR 42 or 34.43% to IDR 164 per share from the initial IDR 164 seen on Monday (15/5). The growth presumably resulted from its announcement of obligation payment to Island Spice Investments Limited (ISIL), its new creditor, worth USD 18.24 million.

The volume of traded shares clocked up to 308.73 million, all recorded in 23,019 transactions worth IDR 46.91 billion. OKAS’s shares were mostly sold by investors to gain capital as the price trend is increasing. Its foreign buy and sell clocked up to 8.38 million shares.

Then, PT Jhonlin Agro Raya Tbk (JARR) arrived at the second position, rising 34.39% or IDR 65 to IDR 254 per share from IDR 189 per share. The traded shares were recorded at 41.16 million shares within 6,261 transactions worth IDR 10.08 billion. 

Source: https://www.idnfinancials.com/news/46907/okas-seized-smils-gainer-title