Indonesia's Allo Bank shares double on IDX after it ropes in investors

Indonesia's Allo Bank shares double on IDX after it ropes in investors

Indonesian conglomerate Chairul Tanjung (right) at Allo Bank press conference on Tuesday (11/01/2022)

Shares of PT Allo Bank Indonesia, which recently announced a new roster of investors, has more than doubled to 7,300 rupiah apiece in value on the Indonesian Stock Exchange since Dec 30, it was closed at 3,957.82 rupiah.