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Vale Indonesia's shares strengthen by more than 3%

14 October 2019 13:13

JAKARTA. The share price of PT Vale Indonesia Tbk (INCO) strengthened in Monday (14/10) trading following the signing of a preliminary agreement with PT Inalum (Persero) regarding the company's divestment plan.

Based on Bloomberg data, the price of INCO shares rose by 3.13% or 120 points to the level of Rp 3,950 per share at the end of the first trading session today. INCO shares were opened at Rp3,830 per share.

In the first session, 52.53 million of INCO shares was traded with a total transaction value of Rp 204,43 billion. Sucor Sekuritas was recorded as the securities company that traded most of INCO shares, followed by Millenium Atlantic Sekuritas, Mandiri Sekuritas, dan CIMB Sekuritas.

Meanwhile, during the current year, the price of INCO shares has risen by 21.17%. The highest closing price was Rp 3,980 on 17 May 2019, while the lowest level was Rp 2,470 on 6 February 2019.

The company currently has a market capitalization of around Rp 39.25 trillion. As of the end of September 2019, INCO shares are owned by Vale Canada Limited (58.73%), Sumitomo Metal Mining Co. Ltd. (20.09%), and the public (21.18%). (AM/AR)

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