Shares of PT Bach Multi Global Tbk (BACH) plunged to the Auto\nRejection Bawah (ARB) floor in trading on Tuesday (4\/8\/2026), ending a\nstrengthening streak that had lasted six consecutive trading days. The\ncorrection came shortly after the Djarum Group officially became the\ncompany\u2019s controlling shareholder.<\/p>\n
BACH shares closed down 14.78% at Rp865 per share. The stock opened\nhigher at Rp1,030 and even touched an intraday high of Rp1,080 before\nreversing course and plunging to the ARB limit.<\/p>\n
Transaction value in BACH shares today reached Rp204.46 billion, with\na trading volume of 2.15 million lots and a transaction frequency of\n25.56 thousand times. The average trading price stood at Rp951 per\nshare.<\/p>\n
Selling Pressure and Queues Remain High<\/p>\n
Selling pressure on BACH shares remained very strong, with sell\n(offer) queues piling up to a total of 1.06 million lots with a\nfrequency of 4,923 times.<\/p>\n
The largest sell queues were at the ARB level of Rp865 with 203,134\nlots, and at Rp900 with 732,069 lots.<\/p>\n
Foreign investors also weighed on BACH\u2019s movement today, recording a\nnet sell of Rp15.42 billion, with foreign sales of Rp21.35 billion\nagainst foreign purchases of just Rp5.93 billion. Foreign transactions\naccounted for 6.67% of activity in the stock, whilst domestic investors\ndominated with 93.33%, equivalent to purchases of Rp198.53 billion and\nsales of Rp183.11 billion.<\/p>\n
In terms of broker activity, XL (Stockbit Sekuritas Digital) was the\nmost active broker on the buy side with Rp50.72 billion, whilst also\nbeing the largest seller at Rp18.42 billion. It was followed by AO\n(Erdikha Elit Sekuritas), which was also active on both sides, with\nsales reaching Rp7.58 billion.<\/p>\n
The Stock Had Soared for Six Consecutive Days<\/p>\n
Despite today\u2019s plunge, BACH shares had previously recorded a\nspectacular rally over six consecutive trading days. On Monday\n(3\/8\/2026), BACH surged 15.34% to Rp1,015. Before that, the stock rose\n15.03% to Rp880 on Friday (31\/7), gained 15.04% to Rp765 on Thursday\n(30\/7), climbed 12.71% to Rp665 on Wednesday (29\/7), jumped 10.28% to\nRp590 on Tuesday (28\/7), and rose 1.90% to Rp535 on Monday (27\/7).<\/p>\n
This means that over six trading days from 27 July to 3 August 2026,\nBACH shares soared by around 93% from the Rp525 level. Even after\ntoday\u2019s ARB correction, BACH remains up roughly 65% compared to its\nposition on 24 July 2026.<\/p>\n
The earlier rally in BACH shares was driven by the entry of the\nDjarum Group as the company\u2019s new controlling shareholder. Through PT\nGlobal Telekomunikasi Prima (GTP), the Djarum Group officially took\ncontrol of 51% of BACH\u2019s shares following the effective transaction.<\/p>\n
With this corporate action, BACH became part of the Djarum Group\u2019s\ntelecommunications infrastructure ecosystem, which already oversees a\nnumber of companies such as Protelindo, PT Sarana Menara Nusantara Tbk\n(TOWR), iForte, and SUPR. This synergy is seen as opening up\nopportunities for project development, customer base expansion, and\ngrowth in recurring revenue from construction services,\ntelecommunications infrastructure maintenance, and the generator sales\nand rental business.<\/p>\n
In terms of performance, BACH posted revenue of Rp1.73 trillion\nthroughout 2025, up almost 40% from the previous year. The company\u2019s net\nprofit also nearly doubled to around Rp156 billion, with a Net Profit\nMargin (NPM) of 9% and Return on Equity (ROE) of 29%.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bach-shares-plunge-to-lower-circuit-after-djarum-acquisition-1785847921", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }