The Thai stock market has moved higher in two straight sessions, collecting almost 30 points or 2.1 percent in that span. The Stock Exchange of Thailand now rests just above the 1,495-point plateau and its expected to open to the upside again on Friday. The global forecast for the Asian markets suggests mild upside on...
Indian shares opened on a weak note Wednesday, tracking weak cues from global markets. The benchmark 30-share BSE Sensex was down 120 points, or 0.2 percent, at 81,699 in early trade while the broader NSE Nifty index was down 38 points, or 0.2 percent, at 25,019. Bajaj Auto edged up slightly ahead of its earnings...
European stocks were broadly lower on Wednesday as investors digested a slew of disappointing earnings updates and awaited a European Central Bank policy meeting on Thursday for directional cues. Markets currently eye two more rate cuts from the euro areas central bank this year amid a weak growth outlook and lower inflation. The pan-European STOXX...
The British pound weakened against other major currencies in the European session on Wednesday, after U.K. inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting. Data from the Office for National...
Indian shares closed lower on Wednesday, with continued foreign fund outflows, reduced bets on larger Fed rate cuts and disappointing earnings updates from the likes of LVMH and ASML Holding weighing on markets. The downside, nevertheless, remained capped after oil prices succumbed to heavy selling pressure the previous day following reports that an Israeli strike...
JAKARTA - Stock buying and selling activities by foreign investors on Friday, October 4, ended with a net foreign volume returning to the green zone at 206.65 million shares. The foreign buying volume was 4.16 billion shares, while the foreign selling volume was 3.96 billion shares. Furthermore, unlike the previous day, shares of the digital...
Plaza Indonesia Realty Tbk (PLIN), a real estate developer and management company, will distribute interim dividend of IDR 236.89 billion or IDR 67 per share. Umbas Rombe, Corporate Secretary of PLIN, said that the plan aligns with the decision made by the board of directors. “It had been approved by the board of commissioners on...
JAKARTA – PT Bursa Efek Indonesia (BEI) or Indonesia Stock Exchange (IDX) claims that the realisation of security issuance has reached 75% of total target of 410 this year. The notion was announced by I Gede Nyoman Yetna, Director of Listing of IDX in Jakarta today (8/10). “The instruments we have are relatively holistic; we...
JAKARTA - PT Indika Indonesia Resources (IIR), a subsidiary ofPT Indika Energy Tbk (INDY), has divested 60% of PT Mitra Energi Agung (MEA) to PT Niaga Gilang Persada (NGP). The signing of share sale and purchase agreement took place last week (3/10). Adi Pramono, Corporate Secretary of INDY, mentioned that the number of shares of...
Mulia Boga Raya Tbk (KEJU), a processed food manufacturer known with its brand Prochiz, has divested 5.98 million shares in its treasury stock. The entire treasury stock was reportedly divested by KEJU from September 26 to October 3, 2024, with the price set to IDR 1,500 each. With said price, total raised funds clock up...