Matahari Gains for First Time in 11 Days After Wal-Mart

Bisnis.com,09 Feb 2011, 05:27 WIB

JAKARTA: PT Matahari Putra Prima Tbk (MPPA) shares rose for the first time in 11 days in Jakarta trading after a foreign news wire reported Wal-Mart Stores Inc is in talks to become a partner of the Indonesian retailer.Matahari rose 1.3% to IDR1,510 rupiah as of 9:46 a.m. local time, set for the first increase since Jan. 24.Matahari isn't aware of the talks, Danny Kojongian, a spokesman at the Indonesian company, said today. (wiw)

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