ATLA - PT. Atlantis Subsea Indonesia Tbk

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JAKARTA – The stock of PT Multi Hanna Kreasindo Tbk (MHKI) sat at the top of the gainers’ list at the closing bell on April 16, 2024. The stock increased 35% throughout the session.

Based on the monitored data of Indonesia Stock Exchange (IDX), MHKI was closed at IDR 216 per share, up IDR 56 from the closing position at IDR 160 per share on April 5. The closing price was also its highest price throughout the day, while the lowest was recorded at IDR 136.

Amidst the decline of Jakarta Composite Index (JCI) this week, MHKI recorded transaction volume of 269.19 million shares within 20,687 transactions, worth a total of IDR 47.97 billion. Stock growth prompted foreign investors to divest more, as indicated through foreign sell of 17.74 million and foreign buy of 779,400 shares.

In the meantime, PT Atlantis Subsea Indonesia Tbk (ATLA) made its way to the runner-up spot, also recording 35% surge in its stock price. However, the difference in stock price placed ATLA at the second spot of the top gainer’s list despite the similar price growth.

It shifted IDR 35 per share to IDR 135 from the closing price two weeks ago (5/4), of IDR 100 per share. Throughout the session, the highest transaction price was recorded at IDR 135, while the lowest hit IDR 132 per share.

Foreign investors’ engagement was quite significant in ATLA’s growth, recording foreign sell of 659,400 and foreign buy of 0 shares. The transaction volume reached 80.46 million shares, recorded within 7,593 times worth a total of IDR 10.84 billion. (LK/ZH)