JAKARTA (Yosefardi) – Shares of feed producer PT Japfa Comfeed Tbk (JPFA) gained 4.76% to Rp1,540 per share this morning, on expectation of rupiah stability.
On Tuesday (Oct 8), Bank Indonesia decided to keep the benchmark BI rate at 7.25%, saying it would optimize monetary policy mix to ensure a contained inflation pressure, stability of rupiah, and declining current account deficit to a sustainable level.
While its peers Charoen Pokphand Indonesia (CPIN) rose 0.68% to Rp3,700 and Malindo Feedmill (MAIN) increased 1.39% to Rp3,650.