Sluggish in the morning, NCKL has plummeted 25.6% since IPO

JAKARTA – Stock performance ofPT Trimegah Bangun Persada Tbk (NCKL)or Harita Nickel slipped IDR 20 this morning (4/10), contrasting with yesterday’s (3/10) ever-increasing trend all day. After a year debuting in the market, this issuer reported 25.6% decline with market cap of IDR 78.87 trillion.

Monitoring the board at 10.30 AM WIB, the stock stumbled to IDR 910 per share, from the initial opening bell’s position at IDR 925 per share. In the morning session, it managed to peak at IDR 935 per share, scoring market cap of IDR 57.42 trillion, price-to-earning ratio of 10.15, and dividend yield of 2.94%.

NCKL’s stock price in this morning dropped 25.6% compared to its initial public offering (IPO) price, which was set to IDR 1,250 per share. At that time, the company issued 7.99 billion shares worth IDR 100 each, with total raised funds of IDR 9.99 billion.

As of September 2024, total shares clocked up to 63.09 billion, with controllers owning 84.35% of the shares, and non-controllers have the remaining 15.65%. The free float rate was 14.77%, with the ultimate beneficial owner of the shares being Lim Gunawan Hariyanto. (LK/ZH)