Erick Thohir’s Stocks After the Announcement of Prabowo’s Mate

MARI and ABBA, two listed companies owned by Erick Thohir, were among last week’s top losers on the exchange. Erick Thohir’s defeat as Prabowo Subianto’s running mate in the upcoming elections is cited as one of the reasons for the stocks’ decline.

Emanuel Berkah Caesario

29 Okt 2023 - 16.42
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Erick Thohir’s Stocks After the Announcement of Prabowo’s Mate

State Owned Enterprises Minister Erick Thohir. Bisnis/Suselo Jati

Bisnis, JAKARTA — Two stocks owned by State Owned Enterprises Minister Erick Thohir, namely PT Mahaka Radio Integra Tbk. (MARI) and PT Mahaka Media Tbk. (ABBA), were among the list of worst-performing stocks last week.

Based on the Indonesia Stock Exchange's (IDX) statistical data during the trading period from October 23rd to 27th, 2023, (MARI) topped the list of top losers for the week with a decline of 49.22% to IDR65 per share.

In the next position is property company PT Graha Mitra Asia Tbk. (RELF), which recorded a stock price decline of 33.33%, dropping from IDR69 to IDR46 per share over the week.

Meanwhile, in the third position on the list was held by the hospital management company PT Sejahteraraya Anugrahjaya Tbk. (SRAJ) with a stock decline of 30.91% to a position of IDR380 per share.

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Erick Thohir’s Stocks After the Announcement of Prabowo’s Mate

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