Garuda Maintenance Declines on its First Day

PT Garuda Maintenance Facility Aero Asia, Tbk (GMFI IJ), a subsidiary of PT Garuda Indonesia, Tbk (GIAA IJ) that engages in maintenance, repair and overhaul (MRO), reported its share open at price IDR410 per share. The share decline to level IDR382 per share during next couple of hours, with volume of initial trading as much as 52.55 million shares, frequency of 3,671 times and total value IDR20.32bn.

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