JAKARTA (Yosefardi) – Shares of Matahari Department Store Tbk (LPPF), member of Lippo Group, jumped 8.3% to Rp11,100 this morning with 5.9 million shares exchanged hands.
The stock had fallen by 21% from its peak year to date.
Other Lippo’d related stock Multi Polar also gained 4.55% with 69.34 million shares exchanged hands. Matahari Putra Prima rose 1.05% and Lippo Karawaci increased 1.9%.
Based on market observation, transactions on Lippo Group’s related stocks have been maintained by such a party, allegedly for the own interest of Lippo Group.