World’s Most Volatile Big Stock Is Rocking Indonesia’s Market
- Barito Renewables added to watchlist of troubled firms in May
- Trading limits on stock spurs concerns over market stability
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Its share-price chart resembles that of an emerging-market penny stock: a 1,200% surge punctuated by two crashes of more than 40% — all in the span of less than nine months.
But PT Barito Renewables Energy is Indonesia’s biggest company by market capitalization - an $85 billion geothermal power producer controlled by one of the country’s richest tycoons.