CAPITAL MARKET
Krakatau Soars High

THE price of Krakatau Steel shares soared high on the first day of trading at the Indonesia Stock Exchange on Wednesday last week, up by almost 50 percent. As a result, trading of the shares codenamed KRAS was suspended by auto rejection.

The share price opened at Rp850 per share, but in only few minutes it jumped to Rp950, and even higher to Rp1,270 before trading automatically stopped. Two weeks before, plans