Shares of state-owned gas distributor Perusahaan Gas Negara (PGAS) declined 4.97% to Rp765 a share on Tuesday (April 22) in line with broader market sentiment, while the recent gas price adjustment added pressure for PGAS. At the current price, PGAS is traded at a market capitalization of Rp18.54 trillion. Year to date, PGAS has fallen 64%.

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