JCPenney, Sparc Group Merge To Form Catalyst Brands
Department store chain JCPenney announced that it has merged with SPARC Group, a full-service retail...
Conditions met, Yonden is close to officially acquire HGII
JAKARTA - PT Hero Global Investment Tbk (HGII) has been officially acquired by a Japan-based utility company, Shikoku Electric Power Company (Yonden), by 25%. The acquisition was carried out over 1,62 billion shares, with price set to IDR 200 each, thus bringing total investment value to IDR 325 billion. Robin Sunyoto, President Director, mentioned that...
Foreign sales volume remains high; net sell at 832 million shares
JAKARTA – A total of 2.47 billion shares were purchased and 3.31 billion shares were sold by foreign investors on Tuesday, January 14, bringing totalnet sell at 832 at million shares. With a net sell of 238.85 million shares, PT GOTO Gojek Tokopedia Tbk (GOTO) was still the one that initiated the shares that made...
JCI down 0.86%, lowest in 7 months
JAKARTA. The Composite Stock Price Index (JCI) fell 0.86% or 60.21 points to 6,956.67 on Wednesday (14/1). This is the lowest position of the JCI in the last 7 months of trading. Previously, the JCI had touched its lowest level on June 26, 2024, at 6,905.64. PT Barito Renewables Energy Tbk (BREN) shares were ranked...
IDX welcomes 3 new issuers, Aguan’s included
JAKARTA – The Indonesia Stock Exchange (IDX) will welcome three new listings on Monday (13/1). According to data from .com, the three companies set to debut are PT Brigit Biofarmaka Teknologi Tbk (OBAT), PT Bangun Kosambi Sukses Tbk (CBDK), and PT Delta Giri Wacana Tbk (DGWG). These firms recently completed their Initial Public Offerings (IPOs)...
JCI drops 1.05% over the week, SOEs being the laggards
JAKARTA – Jakarta Composite Index (JCI) fell by 1.05%, or 75.56 points, to 7,088.87 over the past week, down from 7,164.43 at the close of the previous week’s trading. The average trading volume also declined by 17.37%, to 17.66 billion shares. Meanwhile, the average daily transaction value on the exchange decreased by 10.45% to IDR...
KOSPI Due For Profit Taking On Thursday
The South Korea stock market has moved higher four straight sessions, accelerating more than 120 points or 4.8 percent along the way. The KOSPI now sits just above the 2,520-point plateau although the rally may stall on Thursday. The global forecast for the Asian markets is flat and directionless on conflicting leads over the outlook...
European Shares May Struggle To Find Footing Amid Economic Uncertainty
European stocks may struggle for direction on Thursday, with trading volumes likely to remain thin due to a holiday in the U.S. to honor the death of former President Jimmy Carter. A cautious undertone may prevail due to uncertainty around the effects of U.S. President-elect Donald Trumps plans, rising inflation risks and concerns over a...
China Inflation Eases To 0.1%; PPI Continues To Drop
Chinas consumer price inflation softened further in December and producer prices declined for 27 consecutive months despite Beijing initiating stimulus measures to revive domestic demand. Consumer prices grew only 0.1 percent on a yearly basis in December, slower than the 0.2 percent increase seen in November, figures from the National Bureau of Statistics revealed on...
European Economic News Preview: Germany Industrial Output, Trade Data Due
Industrial production and foreign trade from Germany and retail sales from the euro area are the top economic news due on Thursday. At 2.00 am ET, Destatis is slated to issue Germanys industrial output and trade figures. Economists forecast industrial output to grow 0.5 percent on month in November, in contrast to the 1.0 percent...
JCPenney, Sparc Group Merge To Form Catalyst Brands
Department store chain JCPenney announced that it has merged with SPARC Group, a full-service retail enterprise operating Aéropostale, Eddie Bauer, and Forever 21, among others, to launch a new organization, Catalyst Brands. The combination brings together six iconic American retail brands under a unified powerhouse portfolio, aiming to offer better service to customers through combined...
