Jan 10, 2012

Garuda Indonesia surges 7.07% to Rp530

Indonesia's flag carrier PT Garuda Indonesia Tbk (GIAA) today jumped 7.07% to Rp530 a share, following a report two strategic investors intend to buy the stake. 
In the last 3 days, Garuda has rellied, narrowing the gap between the market price and the IPO level. Yesterday, Garuda rose 3.13% to Rp495 per share.
Garuda listed its shares at Indonesia Stock Exchange on February 10 2011 at Rp750 per share. 

Disclosure: No position at the stock mentioned above.

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