JAKARTA (Yosefardi) – Shares of feed producer PT Japfa Comfeed Tbk (JPFA) surged 9.17% to Rp1,310 on late buying Thursday as BI Rate hike is believed to help protecting rupiah from further weakening against the US Dollar.
Some 14.86 million JPFA shares were exchange hands. The stock had fallen more than 31% from its peak since March after spliting its stocks.
While its peers Charoen Pokphand Indonesia (CPIN) gained 2.82% to Rp3,650, losing 34% from its peak year to date. Malindo Feedmill jumped 4.84% to Rp3,250. The stock had fallen 21% from its peak year to date.