JAKARTA (Yosefardi) – Property giant Lippo Karawaci (LPKR) dropped 5.2% to Rp1280 this morning on continuous selling by investors.
The stock dropped to as low as Rp1260 this morning with over 35 million shares exchanged hands. The stock has plummeted from as high as Rp1850 in late May 2013.
Other property shares were also losing ground led by Jaya Real Property (-6.73%) and Ciputra Property (-3.67%) but on thin trading volume.
Bekasi Fajar, Sentul City, Duta Anggada, Agung Podomoro, Lippo Cikarang, and Bumi Serpong Damai were also in negative territory.