Retailers in Red, Ace Hardware Lost Another 4%

Retailers in Red, Ace Hardware Lost Another 4%

JAKARTA (Yosefardi) – Shares of retail companies were mostly in red Friday (July 5th) with Ace Hardware losing another 4.4% to Rp650. Trading of ACE Hardware shares was busy with over 20.7 million shares exchanged hands. Matahari Putra Prima, which was flat,...
Selling Pressures Continuous on Ace Hardware

Selling Pressures Continuous on Ace Hardware

JAKARTA (Yosefardi) – Retailer Ace Hardware (ACES) dropped as much as 4% to Rp700 Thursday (July 4th). The stock has dropped 37.5% from its peak. More than 23.5 million shares exchanged hands by midday, more than its average daily trading in the past three...

Electronic City Lost 8% in Trading Debut

JAKARTA (Yosefardi) – Shares of PT Electronic City Indonesia (ECII) Tbk dropped 8.02% to Rp3725 on its trading debut at Indonesia Stock Exchange (IDX) Wednesday (July 3rd). The electronic retailer offered 333 million shares in the initial public offering (IPO)...

Matahari Plummets 6% to Below Placement Price

JAKARTA (Yosefardi) – Shares of retailer Matahari Department Stores (LPPF) dropped as much as 6% to Rp10,250 Monday (June 24), the lowest price since placement of CVC-Lippo Group shares few months back. More than 1 million shares were exchanged hands in the...

Dyviacom Acquire Nippon Indosari and Fast Food

JAKARTA (Yosefardi) – PT Dyviacom Intrabumi Tbk (DNET), internet services providing company, has reportedly bought 637,786 lots of PT Nippon Indosari Corpindo Tbk (ROTI)’s shares, representing 31.5% of its enlarged capital, for Rp2.12 trillion. The...