Danareksa tops bond trading

JAKARTA (JP): State owned PT Danareksa Sekuritas has been named the best member of the Surabaya Stock Exchange (SSX) for its marked achievement in bond trading in 1997.

The SSX said Saturday that PT Bahana Sekuritas came second and PT Peregrine Securities third for their high transaction volumes.

Danareksa's bond transaction value last year topped Rp 1.46 trillion (about US$140 million), a surge of 109 percent from Rp 700.66 billion. The value recorded by Danareksa was 30 percent of the SSX's total transactions of Rp 4.98 trillion.

As of April this year, Danareksa had recorded Rp 500 billion in transaction value, or 35 percent of the SSX's total bond transaction value of Rp 1.61 trillion. (gis)