BBCA Downtrend Spurs Investment Giants into Action

BBCA has now fallen by 14.90 percent year-to-date, spurring major investors into action.

Bisnis.com, JAKARTA –  PT Bank Central Asia (BBCA) closed at IDR 8,425 on Friday (28/2) after slipping by 100 points. The stock has fallen by 5.87 percent (525 points) over the week and 14.90 percent year-to-date, prompting finance giants to capitalize on the stock discount.

According to Bloomberg, JPMorgan Chase & Co. purchased 31,179,457 shares, increasing its total holdings to 1,469,180,932 shares at an average IDR 4,546.87 per share.

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