Investors were focused on selling the shares of Cikarang Listrindo (POWR), independent power plant producer, in this early morning trade. The stock dropped 1.64% to Rp1495 per share. The stocks has fallen 15% from its peak (Rp1760) in August 5, 2016. POWR made its trading debut at Indonesia Stock Exchange (IDX) in June 14, 2016 at price of Rp1550, but it consistently fell to lowest level at Rp1405 in July 12, 2016. The stock only experienced a mild gain until July 28, 2016, before to jump and reach peak level in early this month.
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