The Bitcoin Rainbow Chart indicates that the price is “still cheap” as it imitates the 2021 bull cycle, where the Relative Strength Index (RSI) stayed above 70 for weeks before declining. Meanwhile, Standard Chartered believes that the asset would decline to below $80k as macroeconomic concerns continue to affect confidence. Bitcoin (BTC,) has printed losses across...
JAKARTA -PT Bank Central Asia Tbk (BBCA) booked market capitalisation of IDR 1.18 quadrillion as of December 2024, up 2.87% compared to December 2023 of IDR 1.14 quadrillion. This realisation puts BBCA at the top of market cap leaderboard compared to other issuers in the stock market exchange. Based on IDNFinancials data today (31/12), BBCA...
JAKARTA - PT Yelooo Data Integra Tbk (YELO) will focus on implementing a number of business strategies to achieve its revenue target of IDR 325.32 billion by 2025. Wewy Suwanto, President Director of YELO, said that the company is targeting a 9% increase in revenue in 2025 from the revenue realisation in 2024. ‘The projected...
JAKARTA–PT Petrindo Jaya Kreasi Tbk (CUAN) has reportedly produced metallurgical coals in order to diversify its business portfolio. CUAN’s metallurgical coal production started this month, carried out through one of its subsidiaries, PT Daya Bumindo Karunia (DBK). In order to boost metallurgical coal production, DBK is currently integrating its production facility with some supporting facilities....
JAKARTA –PT Sarana Menara Nusantara Tbk (TOWR) is reportedly postponing the capital increase with pre-emptive rights, or rights issue, which is still reporting pending approval from the Financial Services Authority (OJK). Monalisa Irawan, Corporate Secretary of TOWR, the decision is considering recent macroeconomic situation and market. “It includes stock price trend of the company and...
JAKARTA - PT Startel Communication (SC) has increased its portion in PT Jaya Trishindo Tbk (HELI) by 2.4 million shares in a transaction last week (24/12). SC is known as one of controlling shareholders of the company, engaged in the air transportation and logistics service industry. Based on the data compiled by IDNFinancials today (30/12),...
The Australian stock market is trimming its early gains in mid-market trading on Friday, but adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,200 level, with gains across most sectors led by mining and technology stocks. The...
French stocks edged higher on Friday and the euro was seeing marginal gains against the U.S. dollar as trading resumed after the Christmas holidays. The benchmark CAC 40 was up 21 points, or 0.3 percent, at 7,304 in cautious trade. Banks traded higher, with BNP Paribas, Credit Agricole and Societe Generale rising 1-2 percent amid...
U.K. stocks were muted on Friday as trading resumed after a two-day break for Christmas holidays. The benchmark FTSE 100 was marginally lower at 8,130.70 amid a quiet day on the economic front. Energy giant BP Plc rose 0.3 percent and peer Shell was marginally higher, as oil ticked up and remained on track for...
European stocks were broadly higher on Friday as trading resumed after a two-day break for Christmas holidays. The pan-European STOXX 600 edged up by 0.3 percent to 505.08 and was on track for a modest weekly gain. The German DAX inched up 0.1 percent and Frances CAC 40 rose 0.4 percent while the U.K.s FTSE...