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Hang Seng Index Due For Consolidation

The Hong Kong stock market has moved higher in two straight sessions, rallying more than 850 points or 4.2 percent along the way. The Hang Seng Index now sits just above the 20,410-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft on weakness from the...

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In pharmaceutical industry, SIDO recorded highest net profit in third quarter 2024

JAKARTA - PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) recorded the top net profit margin among its 13 competitors during January-September 2024. The following is the net profit margin achievement of four issuers in the pharmaceutical industry with market capitalization (marketcap) above IDR 5 trillion per September 2024. Based on the ata compiled...

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TMPO rose 30% this Monday

JAKARTA – PT Tempo Inti Media Tbk (TMPO)saw 30% jump in stock price, securing top gainers position until the closing bell today (9/12). It increased IDR 50, bringing the price to IDR 214 from IDR 164. Based on IDNFinancials data, TMPO saw steady growth in stock price since the morning until the closing bell at...

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Matahari to close 13 outlets, foreign investors posts net sell of 2.08 million shares

JAKARTA. PT Matahari Department Store Tbk (LPPF)s plan to close 13 Matahari outlets this year and closely monitor 20 outlets on the watchlist, was responded to by foreign investors selling. This was conveyed by LPPF Management in its official announcement. This closure, said LPPF Management, is an effort to reorganize the portfolio of Matahari stores...

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