Stock Rose 18% This Morning Due to Jumbo Transaction in PNGO

PT Pinago Utama Tbk (PNGO), a palm oil issuer, recorded a jumbo transaction in the negotiated market during the first trading session today, Monday (4/6/2026). A total of 732.17 million shares changed hands at an average price of Rp 3,584. Thus, the transaction conducted through the negotiated market nearly reached the company’s total valuation of Rp 2.62 trillion. Based on the Monthly Report on Securities Holder Registration as of 31 March 2026, PNGO’s registered shares amount to 781,250,000. Of these, 24.88% or 194,394,500 are held by the public with ownership below 5%. This means the negotiated market transaction represents 93.72% of PNGO’s shares. In line with this transaction, PNGO shares jumped 18.5% this morning. PNGO briefly touched the Rp 4,150 level in the early minutes of trading today. However, the shares then trimmed their gains to Rp 3,510 by 11:18 WIB. As of this report, the purpose and the parties behind the transaction are still unknown. Meanwhile, the ultimate beneficial owners of PNGO are Wilson Sutantio, Hasan Tantri, Charles Sutantio, and Peter Unggul Sutantio. Peter holds 15.27% of shares directly, while Charles holds 17.61%. Hasan Tantri and Wilson also directly hold PNGO shares with ownership of 19.48% and 22.76%, respectively.