PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) Shares Gap Down – Should You Sell?
by Mitch Edgeman · The Markets DailyShares of PT Bank Mandiri Persero TBK (OTCMKTS:PPERY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $11.84, but opened at $11.25. PT Bank Mandiri Persero TBK shares last traded at $11.80, with a volume of 440 shares changing hands.
PT Bank Mandiri Persero TBK Trading Down 6.2%
The company’s 50-day moving average is $11.86 and its 200-day moving average is $11.34.
About PT Bank Mandiri Persero TBK
PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest banking groups, providing a full range of commercial banking services to corporate, commercial, small and medium-sized enterprises (SMEs) and retail customers. The bank was established in 1998 through a government-led consolidation of four state-owned banks as part of efforts to strengthen the financial system during the Asian financial crisis. Since then it has grown into a diversified financial services franchise offering deposit taking, lending, trade finance, payment and cash management, treasury, and wealth-management services.
Bank Mandiri’s product suite spans traditional retail and corporate banking products — including savings and time deposits, consumer and mortgage loans, working capital and project financing — alongside specialized services such as trade and export-import finance, foreign exchange and treasury solutions, card products, and digital banking channels.