ANTAM Remains Part of LQ45 Index
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Jakarta, February 2, 2017 - PT ANTAM (Persero) Tbk (ASX -ATM; IDX – ANTM; ANTAM) is pleased to announce the Company remains part of the LQ45 Index at the Indonesia Stock Exchange (IDX). The LQ45 Index lists companies with the highest liquidity at the IDX.
ANTAM’s Finance Director Dimas Wikan Pramudhito said:
ANTAM’s share appreciated 202% from Rp296 at the beginning of 2016 to Rp895 at the end of 2016. The solid performance of ANTAM’s share in 2016 was also reflected from the 141% increase of the number of trading investors from 13,000 investors to 31,325 investors. ANTAM’s share was also actively traded in 2016 with the average number of shares traded of 119,329,955 shares. At the end of 2016, the Government of Indonesia held 65% of ANTAM, foreign institutions held 5.19%, domestic institutions held 19.69%, domestic retail investors held 10.01% and foreign retail investors held 0.11%. The solid performance of ANTAM’s share received highest appreciation of IDX Best Blue 2016 from the IDX.
In terms of growth initiatives, ANTAM is currently finalizing its next downstream projects of its nickel and bauxite reserves.
ANTAM is currently preparing the development of ferronickel plant line 2 & 3. As well, ANTAM continues to conduct downstream initiatives to increase added value using internal financing or working with strategic partner. For bauxite, ANTAM is currently focusing on the development of Smelter Grade Alumina Refinery plant with PT INALUM (Persero).