BCA Shares Surge 5% After Announcing $301 Million Stock Buyback
Jakarta. Shares of Bank Central Asia (BCA) surged 5.4 percent in early Tuesday trading after Indonesia’s largest private lender announced a stock buyback program worth up to Rp 5 trillion ($301 million).
By midday, BCA’s share price had climbed 450 points to Rp 8,325, according to market data.
In a public filing, BCA management said the buyback will be carried out at fair market prices in accordance with prevailing capital-market regulations, with a maximum purchase price of Rp 9,200 per share.
The buyback period will run from October 22, 2025, to January 19, 2026, or roughly three months following the official announcement on October 20.
However, the company noted that it may conclude the program earlier if the full repurchase amount is reached before the end of the period, while maintaining compliance with market rules.
On Monday, BCA shares had already gained around 5 percent, closing at Rp 7,875 amid rising trading volumes -- signaling growing investor confidence ahead of the buyback plan.
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