BSIM, BNBA, and BBHI Shares Show Off. Enter the Top Gainers
A number of small to medium-sized bank shares were included in the top gainers, after their share prices touched the upper auto reject (ARA) limit or rose 25 pecels in today's trading, Monday (12/7/2021). They are PT Bank Sinarmas Tbk. (BSIM), PT Bank Bumi Arta Tbk. (BNBA), and PT Allo Bank Indonesia Tbk. (BBHI).
Bank Sinarmas shares touched the ARA limit for the second day in a row. In today's trading, its shares ended at Rp875 with a transaction value of shares reaching Rp14.52 billion. Similarly, Allo Bank shares hit the ARA cap for the second day in a row. Its share price closed at Rp2,700 with a share transaction value of Rp34.58 billion. Senior Faculty of the Indonesian Banking Development Institute (LPPI) Trioksa Siahaan assessed that the increase in mini-bank share prices was still influenced by high expectations of mini-banks' plans to switch to digital banks. "There is a phenomenon of high expectations for small banks' corporate actions that will switch to digital banking. If it is not supported by strong fundamentals, then this is only euphoria," he said. Apart from the plan to transform to a digital bank, he said, there has been no other strong sentiment to boost bank share prices. Moreover, the increase in the number of Covid-19 cases, which continues to record new records, has raised concerns about the disruption of a faster economic recovery.
|•SOURCE•| Articles :BISNIS | Image :CNBC |
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