JAKARTA (Yosefardi) – Shares of chemical and logistic PT AKR Corporindo Tbk (AKRA) became focus of selling this morning, dragged down its price by 3.9% to Rp4,300 per share on over 10 million shares exchanged hands.
The stock has rebounded 23% from its bottom year to date but still dropped 27% from its peak.
Meanwhile shares of integrated agriculture company PT Charoen Pokphand Indonesia Tbk (CPIN) gained 2.8% to Rp3,650 on over 13 million traded shares, regained 30% from bottom but remain plummeted 93% from its peak year to date.
The copany is expected to book gross margin of 40-50% for its day old chick (DOC) segment this year after its average prices increasing to Rp6,700 to Rp6,800 per chick.