Perdana Bangun Pusaka is trading 14.9% down today at IDR 2,810 as the stock undergoes a correction following a period of sharp speculative gains.
- The stock had recently jumped over 40% on momentum despite a lack of fundamental news or company-specific catalysts.
- Today’s decline appears to reflect significant profit-taking and a reversal of that short-term speculative move rather than any new material developments.