Selling Pressures Continued, Lippo Karawaci Down 3%

JAKARTA (Yosefardi) – Shares of property giant Lippo Karawaci (LPKR) declined further by 3% to Rp950 Friday (September 6) as investors continued their sell-offs.
More than 41 million LPKR shares were exchanged hands to make it the most traded property stock by value. The stock has dropped 49% from its peak in May 2013.
Modernland also down 3%, while Summarecon Agung and Surya Semesta Internusa lost 4% and 4.5% respectively on smaller trading volume.
Alam Sutera Realty also lost 1%, while Ciputra Surya dropped significantly by 4.8% but on thin trading volume.