JAKARTA (Yosefardi) – Shares of retail companies were still under significant pressures in Jakarta Tuesday (July 9) led by Matahari Putra Prima and Ramayana Lestari, as ACE Hardware regained grounds.
Matahari Putra Prima (MPPA) collapsed 8.99% in the morning session with almost 14 million shares exchanged hands, while Ramayana Lestari (RALS) lost 7.63% with only 3 million shares traded.
Hero Supermarket, Mitra Adiperkasa, Erajaya, and Global Teleshop also dropped more than 3% each, while newly listed Electronic City retreated 1.32%.
ACE Hardware, meanwhile, gained 3.08% with 17 million shares exchanged hands, while Fast Food Indonesia advanced 2.66% on thin trading volume.