JAKARTA – Shares of PT Telkom Indonesia (Persero) Tbk (TLKM) rallied throughout the day in anticipation of a management reshuffle by the company’s shareholders.

During the trading session, TLKM shares advanced 1.07% to IDR 2,830 ahead of the close of the second session. The stock touched a high of IDR 2,880 and a low of IDR 2,790 per share.

Over the past week, TLKM shares have strengthened 4.04%, and surged 10.55% over the past month.

At its Annual General Meeting of Shareholders (AGMS), TLKM appointed Dian Siswarini as President Director, replacing Ririek Adriansyah. Previously, Dian served as President Director of PT XL Axiata Tbk (EXCL) prior to its merger with PT Smart Telecom Tbk (FREN).

Meanwhile, Angga Raka Prabowo is reportedly set to replace Bambang P. S. Brodjonegoro as President Commissioner of TLKM. Angga currently serves as Deputy Minister of Communication and Digital (Komdigi). He also previously held the role of Head of Communications and Media Campaign Director for the Prabowo-Gibran national campaign team. (LK/ZH)