Dec 9, 2010

Indocement sold at Rp16,150/share

A foreign institutional today has sold 1.6% stake in  Indonesia's second largest cement maker PT Indocement Tunggal Prakarsa Tbk (INTP) at Rp16,150 per share or Rp969 billion.
The transaction was done after Macquarie Securites, placement agent, closed a crossing deal at Rp16,150, nearly the lowest level of the placement price range.
Indocement stocks yesterday were offered at Rp16,000-Rp17,000 per share. Following the shares sale, Indocement steeply fell 4.71% to Rp16,200. 

Disclosure: No position at the stock mentioned above.  

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