Investors have begun to chase the share of PT Semen Gresik (SMGR) in relation to the corporate action to build a new cement plant in Papua for U.S. $ 150 million to strengthen its cement market in eastern Indonesia. However, price stability has not been formed in today's trading.
Until at 11.00 JATS, the highest intraday level of the state-owned cement company reached Rp8,900 or up 1.1% from last weekend's trading. However, the price was back down at Rp8,750 or slipped 0.56%. SMGR stock finally returned to the opening price at the level of Rp8,800.