How come the Chinese New Year Holiday, MD Pictures Stocks Soaring?

Jakarta, CNBC Indonesia – Ahead of the Chinese New Year holiday, shares of production house issuer PT MD Pictures Tbk (FILM) is being hunted by investors in session II of stock trading on the Indonesia Stock Exchange (IDX), Monday (4/2/2019), after rising to 19.42%.

In the midst of the quiet trading today when investors started planning for the Chinese New Year holiday tomorrow, FILM’s shares suddenly jumped after moving normally in the first session. The transaction value on the IDX in the second session was at the level of IDR 6.5 trillion.

IDX data noted that FILM shares came in second top gainer with an increase of 19.42% to the level of IDR 830/share at 15.32 WIB.

Share top gainer The first is still occupied by a ceramics issuer, PT Cahayaputra Asa Keramik Tbk (CAKK) with an increase reaching 34.34% at the level of IDR 133/share.

FILM shares were transacted in the amount of IDR 12.41 billion with a total of 17.1 million shares. market capitalization (market cap) the company founded by Manoj Punjabi amounted to IDR 7.8 trillion, with returns shares in the last 6 months of 22.05%.

MD Pictures shares were listed on the IDX on August 7 2018 by releasing initial shares at a price of IDR 210/share. The company sold 1.30 billion shares to the public through an initial public offering (initial public offering/IPO) and obtained fresh funds of IDR 274.63 billion.

In January last, film producers Paragraphs of love and Rudy Habibie this reveals that the company will released more than 20 films in 2019. In addition, MD Pictures has also set plans to develop more products spin-off for a number hits franchises, including films Danur and Habibie and Ainun.