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Price of Ramayana's shares increases ahead of expansion, while HERO's shares is stagnating

15 January 2019 04:11 PM  Company: PT. Hero Supermarket Tbk[HERO]
Rp. 885  -40 (-4.32%)

JAKARTA. The price of the shares of PT Ramayana Lestari Sentosa Tbk (RALS) increases, after the retail company announced plans to open a number of new stores in 2019.

During the trading in mid-December (14/12), the price of RALS shares was Rp 1,365 per share. As of today, the price of RALS shares rose by 16.11% to Rp 1,585 per share at 14.02 WIB this afternoon.

Meanwhile, the stock price of PT Hero Supermarket Tbk (HERO) in the past month did not show a significant increase. The price of HERO shares in mid-December was at the level of Rp 815 per share, and Rp 845 per share at 15.09 WIB this afternoon.

Previously, Ramayana announced that it would open 5 new stores this year, while HERO just closed 26 retail outlets and laid off hundreds of employees. (KR/AR)

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PT. Hero Supermarket Tbk [HERO]   Rp. 885   -40 (-4.32%)