JAKARTA (Yosefardi) – Shares of Indofood Sukses Makmur (INDF) gained slightly by 0.85% this morning after losing more than 9% Monday following its plan to acquire China Minzhong Food.
China Minzhong, meanwhile, slipped 0.44% to S$1.12 on Singapore Exchange (SGX) after surging more than 100% on Monday.
Trading volume in both stocks were relatively smaller, only 4.6 million shares at Indofood and 31 million shares at China Minzhong.
Other Salim Group-related shares, however, gained substantially led by Salim Ivomas Pratama (+8.22%) and PP London Sumatra (+7.8%).
Consumer goods giant Indofood CBP, meanwhile, gained 3.2% while First Pacific Co Ltd advanced 3.13% in Hong Kong.
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