JAKARTA (Yosefardi) – Property stocks made good achievement in first 8 months this year as the stocks mostly gained during the period. But now, they turned to loss year to date as market sentiment was hurt along with regional and global markets.
At mid day trading today, Lippo Karawaci fell 6.57%. Then it lost 9.8% year to date. The stock reached its peak at 14650 in April 16, since then it consistently fell.
Bumi Serpong Damai also dropped 15.58%. The stock fell 28% year to date. It reached peak at Rp2220 in February 27. Alam Sutera lost 9.04%, falling 40.5% year to date. The stock peaked at Rp690 in February 20.
Modernland Realty dropped 14.07%, losing 34.8% year to date. It peaked at Rp590 in May 15. While Ciputra Development shed 11.9%. The stock has fallen 41% year to date. It reached peak at Rp1560 in May 25.
Other property stocks, Nirvana Development slashed 13.16% this mid day trading, Pakuwon Jati fell 5.29%, Agung Podomoro declined 3.3%, Sentul City dropped 14.49%, and Intiland Development lost 3.73%.