JAKARTA -- Shares in the Indonesian arm of Malaysia-based home improvement retailer Mr.DIY Group experienced a bumpy ride in their local stock market debut on Thursday, falling 25% first and rebounding later to close higher.
Shares of Daya Intiguna Yasa, Mr.DIY's Indonesian unit, hit 1,240 rupiah in the opening minutes of trade on the Indonesia Stock Exchange, down 25% from its initial public offering price. It later rebounded to 1,900 rupiah, 15.2% above the IPO price. The trading closed at 1,690 rupiah.
