PT Bukit Uluwatu Villa Tbk is trading 5.2% down at $825 as investors lock in short-term profits following a sharp multi-day rebound from post-rights-issue weakness.
- The stock remains under bearish technical pressure, moving within a volatile range following a jumbo rights issue and is still viewed as technically fragile despite recent gains.
- Broader selling pressure across Indonesian small-cap stocks amid softer global market sentiment is further weighing on the share price today.