News about acquisition of 51% shares in Ranch Market (RANC) by e-commerce player blibli.com sent RANC’s stock price to as high as Rp2,700 late last week, surged from Rp530 only in May. Gojek’s acquisition of minority (4.76%) shareholding in Matahari Putra Prima (MPPA) contributed to MPPA’s stock price rally from Rp89 in January to as high as Rp1,275 in June before retreating to Rp1,000 (last quoted price). To subscribe please click here
