JAKARTA – Shares of PT Goto Gojek Tokopedia Tbk (GOTO) declined by 2.74% at the close of the second trading session on Monday (19/5), ahead of a planned demonstration by online motorcycle taxi (ojol) drivers scheduled for Tuesday (20/5).

In afternoon trading, the company’s shares closed at IDR 71 per share, down IDR 2 from the previous closing price on Thursday (16/5) at IDR 73.

The stock moved within negative territory, reaching a low of IDR 70 and a high of IDR 73 per share. A total of IDR 6.45 billion shares were traded in 42,139 transactions with a total value of IDR 458.78 billion.

Meanwhile, net foreign buy stood at 37.89 million shares, with foreign buy and sell recorded at 2.48 billion and 2.44 billion shares respectively.

The weakening of GOTO shares came ahead of a joint strike planned by the Indonesian Transportation Workers Union (SPAI) and ojol drivers in Jakarta. The protest is expected to be joined by around 1,000 participants from various regions and will take place near the Ministry of Transportation office in Jakarta. (LK/ZH)