JAKARTA (Yosefardi) – Lippo Group-related stocks were mostly in red on broad market correction this morning led by 8% fall of property giant Lippo Karawaci (LPKR).
More than 28 million LPKR shares were exchanged hands in the first hour of trading on IDX.
Sister Lippo Cikarang, an industrial estate developer, also down 4.17%, while retailer Matahari Department Stores lost 4.44%.
Another retailer, Matahari Putra Prima (MPPA) lost 5.26% in the opening hour, while Bank NationalNObu down 3.23%.
Lippo-related stocks have gained substantially year-to-date, led by almost 400% gain of Matahari Dept Stores.