Djarum Group's BACH Shares Hit Lower Circuit for Third Consecutive Day, Plunging 38%
Jakarta - Selling pressure on shares of PT Bach Multi Global Tbk (BACH) showed no sign of abating. The stock, recently taken over by the Djarum Group, was again locked at the Auto Rejection Bottom (ARB) limit during trading on Thursday (6/8/2026), marking three consecutive days of ARB since Tuesday (4/8/2026).
According to Stockbit data up to the end of today’s first trading session, BACH shares plunged 14.86% or 110 points to Rp630 per share. The stock opened directly at the ARB level. Transaction value was recorded at Rp112.48 billion with a volume of 1.78 million lots and an average price of Rp631 per share.
The orderbook for BACH indicated extremely strong selling pressure. There were no buy orders (bids) remaining, whilst sell orders (offers) piled up to a total of 478,944 lots with a frequency of 4,697 times. The largest sell queue sat precisely at the ARB level of Rp630, totalling 291,753 lots with a frequency of 2,700 times. The remainder was spread across levels from Rp635 (11,401 lots) to Rp675 (7,584 lots).
The string of ARBs for BACH began on Tuesday (4/8/2026), when the stock plummeted 14.78% or 150 points to Rp865 with a transaction value of Rp204.46 billion. The pressure continued on Wednesday (5/8/2026) with a correction of 14.45% or 125 points to Rp740, although the transaction value shrank drastically to just Rp18.74 billion as liquidity dried up.
With today’s correction, BACH shares have been slashed by approximately 37.9% from their peak level of Rp1,015 on Monday (3/8/2026). This follows a sharp rally where the stock surged nearly 93% in just six trading days.
Foreign fund flows have also reversed. Throughout this week, foreign investors recorded a net sell of Rp5.29 billion in the regular market, a stark contrast to the consistent net buying seen during the stock’s rally period. On Tuesday, broker XL (Stockbit Sekuritas Digital) had dominated as the largest buyer with a value of Rp50.72 billion, whilst also being recorded as the largest seller at Rp18.42 billion.