Investors focused trading in shares of state steel producer Krakatau Steel (KRAS) on Thursday (July 9), and the stock gained 24.46% to Rp346, trading with a market capitalization of Rp6.69 trillion. Domestic investors dominated the selling in KRAS yesterday, while foreign investors dominated the buying. Investors made a substantial trade in KRAS after the company said it proposed a funding scheme of Rp3 trillion from the Government to fund its working capital. KRAS has gained 179% from its bottom price this year at Rp124 on March 23, 2020.
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