Indian shares eked out modest gains on Friday even as the rupee hit a new record low due to dollar demand from importers towards the end of the month and amid continued outflows from foreign investors (FIIs). Global cues were muted amid uncertainties on the Federal Reserves interest rate path in 2025 and potential shifts...
The pound appreciated against its major counterparts in the New York session on Friday. The pound rose to 8-day highs of 198.50 against the yen and 1.1346 against the franc, from an early low of 197.21 and a 4-day low of 1.1254, respectively. The pound advanced to a 1-week high of 1.2592 against the greenback...
European stocks closed higher on Friday, as investors made some purchases at several counters as markets resumed trading after Christmas holidays. Activity was a bit subdued in most of the markets in the region amid a lack of triggers, and ahead of the New Year holidays coming up next week. Frances new premier Francois Bayrou...
JAKARTA – Banks with big market capitalisation showed collective slippages at the morning session in the last week of 2024. This blue-chip banks’ downtrend affects Jakarta Composite Index (JCI) at its first session. Based on the data compiled by IDNFinancials today (30/12), some of the leading banks that got corrected this morning included ,PT Bank...
JAKARTA – PT Baramulti Suksessarana Tbk (BSSR) is set to distribute an interim dividend for the 2024 fiscal year, amounting to USD 25 million, or approximately IDR 154.39 per share. The interim dividend will be drawn from BSSRs net profit attributable to the parent entity as of September 2024, which stood at USD 298.6 million....
JAKARTA – PT Communication Cable Systems Indonesia Tbk (CCSI) is preparing to conduct a Rights Issue, or Capital Increase with Pre-emptive Rights (PMHMETD), amounting to 133.33 million new shares. According to a disclosure from the Indonesia Stock Exchange (IDX) today (30/12), the exercise price has been set at IDR 383 per share, potentially allowing CCSI...
JAKARTA – The realised number of issuers debuting on Indonesia Stock Exchange (IDX) this year arrives below the specified target at 62 companies. According to IDX data, there have been 41 companies publicly listed through initial public offering (IPO) at the board until December 20, 2024. Said number is only 66% of the target set...
JAKARTA – PT Ace Oldfields Tbk (KUAS) has announced plans to distribute its first-ever interim dividend for the 2024 fiscal year, amounting to IDR 1.94 billion, or IDR 1.5 per share. The interim dividend will be given to shareholders registered by 4 PM on January 13, 2025, with the payment scheduled for January 25. This...
U.S. stocks are down firmly in negative territory Friday afternoon with rising Treasury yields contributing to the weakness. The major averages are all down in the red with the Nasdaq suffering a more pronounced loss. The Dow, which tumbled to 42,761.56, was down 336.36 points or 0.78 percent at 42,989.44 a little while ago. The...
U.S. stocks tumbled on Friday and the major averages all closed notably lower with the tech-laden Nasdaq suffering a more pronounced loss as yields on 10-Year Treasury Note rose to near 8-month high. The Dow closed down 333.59 points or 0.77 percent at 42,992.21, well off the days low of 42,761.56. The S&P 500, which...