JAKARTA (Yosefardi) – Investors focused selling infrastructure stocks this morning as they expect the flood factor hitting many parts of the country would impact on infrastructure projects.
Some investors also locked in profits on these stocks after their recent substantial gains.
Shares of state construction firm Adhi Karya dropped 5.07% to Rp1685 on 20.54 million shares exchanged hands. The stock has gained 18% since January 7, 2014.
Waskita Karya (WIKA) also fell 5.56% to Rp510 per share with 48.9 million shares exchanged hands. The stock had gained 26% since January 7, 2014.
While Wijaya Karya lost 3.9% to Rp1845 on 18.9 million traded stocks.