DSSA Executes 1:10 Stock Split; From Most Expensive to Rp 29,000 per Share
Jakarta. Energy and mining contractor Dian Swastatika Sentosa (DSSA), part of the Sinar Mas Group conglomerate, has officially executed a 1:10 stock split.
Prior to the stock split, DSSA was the most expensive stock listed on the Indonesia Stock Exchange (IDX) at Rp 290,000 per share. Following the stock split, the share price was adjusted to Rp 29,000 as of July 18, 2024.
"The theoretical price of DSSA shares listed on the Jakarta Automated Trading System (JATS) for the regular and negotiated markets on July 18, 2024, is adjusted with the price fraction to Rp 29,000," the IDX announced on Thursday.
Trading in DSSA shares resumed from the first session on July 18, under the full call auction (FCA) special monitoring board.
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Previously, DSSA shares had been suspended for more than one day. Despite being in the FCA, DSSA shares rose 4.40 percent to Rp 30,275 as of 10:00 a.m. Jakarta time.
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