Massive Rp1.76 Trillion Transaction in MORA Shares: Who Is Behind It?

A massive transaction was observed in the shares of telecom issuer PT Ekamas Mora Republik Tbk (MORA), or Moratel. MORA shares were traded worth Rp1.76 trillion in the negotiated market. It is known that 4.15 million lots of MORA shares were transacted at a price of Rp4,250 per share. This crossing transaction, or one occurring between the same brokers, was facilitated by Supra Sekuritas Indonesia. Following this report, MORA shares fell 1.89% to Rp4,660 as of 09:26 WIB. Its market capitalisation reached Rp222.63 trillion. For information, MORA recently announced a merger with Eka Mas Republik. President Director of PT Dian Swastatika Sentosa Tbk (DSSA), Krisnan Cahya, explained that the merger is one strategic step to advance Indonesia’s digital transformation agenda. “For that, I believe this merger is a step to support Indonesia’s digital agenda in accelerating and equalising the digital ecosystem in the country. Through strengthening network reach and sustainable launches, we can drive an inclusive and sustainable local digital ecosystem,” he stated in an official remark. In addition, Krisnan also expressed appreciation to all stakeholders, especially customers, employees, regulators, and shareholders, for the trust and collaboration that has been established. As information, DSSA is the parent of MORA. MORA shares closed down 4.43% at the level of 4,750 in yesterday’s trading, continuing the correction that has occurred since last weekend.