JAKARTA (Yosefardi) – Retailer Ace Hardware (ACES) dropped as much as 4% to Rp700 Thursday (July 4th). The stock has dropped 37.5% from its peak.
More than 23.5 million shares exchanged hands by midday, more than its average daily trading in the past three months.
The newly listed electronic retailer Electronic City (ECII) also dropped further by 3.95% after losing more than 6% on its trading debut Wednesday.
ICT retailers Erajaya, Trikomsel Oke, and Tiphone Mobile were also in red, but on a relatively small trading volume.