00:00Bajaj PT Krakatau Steel Presero Tbk
00:05Bajaj PT Krakatau Steel Presero Tbk
00:10is trying to restructurize its 1.5 billion USD
00:16or around 23 trillion rupiahs.
00:19The volume of the last three trading days
00:21exceeds the average of 20 days
00:23with only 43 million shares.
00:26As of Thursday, the volume reached 351.2 million shares
00:30indicating a very high purchase interest.
00:37Bajaj PT Krakatau Steel Presero Tbk
00:41is trying to restructurize its 1.5 billion USD
00:46or around 23 trillion rupiahs.
00:49Based on the Indonesian stock exchange data,
00:51until Friday afternoon, the 4 red shares
00:53increased by 2.42% to the level of 169 rupiahs per share.
00:58The value of the stock reached 29.64 billion rupiahs
01:01and the trading volume of 171.59 million shares.
01:05Previously, the share price rose 4.72% on Wednesday
01:09and soared 24.06% on Thursday.
01:13There was also a trading volume of 3 days
01:15exceeding the average of 20 days
01:17with only 43 million shares.
01:19Even on Thursday, the volume reached 351.2 million shares
01:23indicating a very high purchase interest.
01:26Technically, Sam Kras is trying to change direction
01:29from a downtrend since mid-2021 to an uptrend.
01:33This can be seen from Sam crossing the 200-day moving average line,
01:37an early sign of a trend change.
01:40As is known, the Indonesian government is trying to reach an agreement
01:43on restructuring among the largest Bajaj companies in Indonesia
01:46with creditors in October.
01:48The state-owned companies and their creditors
01:51have just discussed an Indian restructuring agreement
01:54after an agreement was forgotten in previous years.
01:57Coverage Team, IDX News.
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