Mon, 02 Aug 1999

7 firms withdrawn from LQ45 Index

JAKARTA (JP): The Jakarta Stock Exchange (JSX) has withdrawn seven companies from the list of its 45 most liquid shares index, known as the LQ45 Index.

The JSX said in a statement on Saturday that the seven companies were Bhakti Investama, Fiskaragung Perkasa, Karwell Indonesia, Kawasan Industri Jababeka, Makindo, Polysindo Eka Perkasa and Sinar Mas Multiartha.

They were replaced by Bank Danamon, Jakarta Intl Hotel & Dev., Lautan Luas, Multipolar, Sumalindo Lestari Jaya, Tempo Scan Pacific and Ultra Jaya Milk.

JSX reviews the LQ45 Index every six months solely based on all JSX companies' shares market liquidity. The new list, below, will be valid from August to January next year.

List LQ45 companies: Aneka Tambang, Astra Agro Lestari, Astra International, Bakrie Sumatra S., Bank Bali, Bank Danamon, BII, Bank Lippo, BNI, Bank Panin, Barito Pacific, Berlian Laju T., Bimantara Citra, CMNP, Daya Guna S., Gajah Tunggal, Gudang Garam, H M Sampoerna, Hanson Industri, INCO, IKPP, Indocement, Indofood, Indorama, Indosat, Jakarta Intl. Hotel., Kalbe Farma, Lautan Luas, Lippo Gen. Ins., Lippo Securities, Matahari, Mayora Indah, Medco Energi Corp., Mulia Industrindo, Multipolar, Pabrik Kertas Tjiwi, PP London Sumatera, Ramayana Lestari S., Semen Cibinong, Semen Gresik, Sumalindo Lestari, Telekomunikasi, Tempo Scan Pacific, Timah, Ultra Jaya Milk. (udi)