DMO Cancel Removed, Coal Stocks Fall

- President Joko Widodo ( Jokowi ) has revoked the planned revocation of coal allocation for domestic (/ DMO). This decision was again a negative sentiment for stocks of coal issuers.

Today the movement of some coal issuers shares ended in negative territory. Yesterday the stocks rose in line with the issue of revocation of the DMO policy.
Share PT Adaro Energy Tbk (ADRO) for example, today ended down 8.85% to the position of Rp 1. 905. Whereas yesterday ADRO shares rose 6.36% to the position of Rp 2. 090.

Source :
LABEL : [dmo coal, jokowi unplug dmo coal, coal]

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