Shares of cellular firm Smartfren Telecom (FREN), owned by Sinarmas Group, gained 1.89% to Rp54 per share on Tuesday (October 17), to make market capitalization of Rp18.1 trillion. The stock, however, has fallen 98.7% so far this year, due to poor earnings, also concern on reported merger with XL Axiata (EXCL). EXCL was traded flat at Rp2,380, valued at Rp31.1 trillion.To subscribe please click here
