Despite the Bank of Canadas big 50-basis point interest rate cut, the Canadian market is languishing in negative territory on Wednesday after a weak start, with stocks from energy and materials sectors reeling under selling pressure due to declining commodity prices. Shares from utilities, technology and healthcare sectors are among the other notable losers. The...
The Taiwan stock market has moved lower in back-to-back sessions, shedding more than 200 points or 0.9 percent along the way. The Taiwan Stock Exchange now rests just above the 23,330-point plateau and it may take further damage again on Thursday. The global forecast for the Asian markets is negative amid rising treasury yields and...
The China stock market has finished higher in four straight sessions, gathering more than 135 points or 4 percent along the way. The Shanghai Composite now sits just above the 3,300-point plateau although the rally may stall on Thursday. The global forecast for the Asian markets is negative amid rising treasury yields and pessimism over...
The Indonesia stock market on Wednesday ended the eight-day winning streak in which it had surged more than 300 points or 4.1 percent. The Jakarta Composite Index now rests just beneath the 7,790-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets is negative amid rising treasury yields and...
Ahead of Wednesdays holiday for Chulalongkorn Day, the Thai stock market had tracked lower in three straight sessions, slipping almost 25 points or 1.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,470-point plateau and its expected to open under water again on Thursday. The global forecast for the...
The Canadian market, which fell after a slightly positive start and a subsequent rise to a new record high Monday morning, continues to languish in negative territory in cautious trade and looks headed for a weak close. Technology, real estate and financial shares are among the notable losers. Energy and materials stocks are finding some...
JAKARTA -PT Sarana Menara Nusantara Tbk (TOWR)is aiming for IDR 4.5 trillion of fresh funds by holding a rights issue, the proceeds of which will be allocated to refinance its subsidiary’s obligation. This corporate action plan will require an approval during Extraordinary General Meeting of Shareholders on October 25, 2024. In the issued prospectus quoted...
JAKARTA – Shareholders of PT Net Visi Media Tbk (NETV) have appointed Manoj Dhamoo Punjabi as President Director, replacing Deddy Hariyanto that resigned last week (11/10). The change in directors and commissioners of NETV takes place following the acquisition of 80.05% of NETV by PT MD Entertainment Tbk (FILM). In the information disclosure quoted Friday...
Jaya Real Property Tbk (JRPT), a property developer, has realised 75% of tis capital expenditure (capex) set for the fiscal year (FY) 2024. Yohannes Hengky Wijaya, Vice President Director of JPRT, mentioned that the company has prepared capex budget of IDR 400-500 billion this year. “As of now, it has been [realised by] 70-75%,” he...
JAKARTA – Stock performance of PT Lovina Beach Brewery Tbk (STRK), a company engaged in consumer goods’ sector, plummeted 50% a year after its debut in the stock exchange on October 10, 2023. Today’s (14/10) opening bell saw STRK idle at IDR 50 per share. Based on IDNFinancials data, STRK was also closed at IDR...