JAKARTA – PT Bank Central Asia Tbk (BBCA) ended its share buyback programme during the first trading session on Thursday (15/5), ahead of the original schedule which was set to run until 24 June.

Raymon Yonarto, BBCA’s Corporate Secretary, said the company ended the buyback period because the capital market conditions and the company’s share price were relatively stable.

“The buyback period ended during the first trading session today,” he said, citing an information disclosure on Thursday (15/5).

Management started the buyback on 25 March 2025 as a response to market volatility ahead of the long Lebaran holiday. BBCA allocated IDR 1 trillion to repurchase up to 20% of its issued and fully paid shares.

At the close of the first session on Thursday (15/5), BBCA shares rose 0.81% to IDR 9,350 per share. In the second session, the stock strengthened further to 1.08% gain, reaching IDR 9,375 at 1.43 PM WIB. The shares opened at IDR 9,275, with an intraday high of IDR 9,400 and low of IDR 9,250.

For context, the Indonesia Stock Exchange (IDX) halted trading on 8 April following a 9.19% drop in the composite index (IHSG) during the first session. On that day, BBCA shares fell as much as IDR 725, closing at IDR 7,775.

However, since 8 April, BBCA shares have gained 6.4% to IDR 9,275 at the close on Wednesday (14/5).

Several members of BBCA’s board and commissioners repurchased shares prior to the announcement, including Jahja Setiaatmadja, President Director; directors Lianawaty Suwono, Subur Tan, Rudy Susanto, and Frengky Chandra Kusuma; and commissioner Tony Kusnadi. (LK/ZH)