Among the top 10 assets by market cap, Solana, Bitcoin, and Ripple are demonstrating strong fundamentals that could potentially double their price gains.From the resolution of the SEC lawsuit to the upcoming government Bitcoin audit and Solana’s rising institutional interest, these assets are showing strong potential. The cryptocurrency market remains highly volatile, yet certain digital...
JAKARTA - The Composite Stock Price Index (JCI) fell 1.02% or 71.99 points to 7,016.88 on Monday (13/1) trading. The index touched its highest position at 7,089.57 and lowest at 6,986.59. In last weekends trading, the index closed at 7,088.87. The three stocks that weighed the most on JCI performance were PT Bank Rakyat Indonesia...
JAKARTA –PT Platinum Wahab Nusantara Tbk (TGUK), the owner of beverages brand Teguk, had closed down over 100 of its outlets in 2024. The company now only retains 35 stores. The management of TGUK mentioned that the close-down of stores resulted from inconducive market condition, especially for middle-low-income households. “People’s purchasing power are extremely scarce,...
JAKARTA – The Bayan Group carried out mining exploration activities in three areas with a total expenditure of USD 2.49 million in the fourth quarter of 2024. In a disclosure on Friday (10/1), Jenny Quantero, Director of PT Bayan Resources Tbk (BYAN), stated that the mining exploration activities were conducted by third parties in three...
JAKARTA – The increasing number of fraud cases in the financial services sector has prompted the Financial Services Authority (OJK) to introduce a new regulation through POJK Number 28 of 2024. The regulation addresses the management of conduct records through the Sistem Informasi Pelaku (SIPELAKU), a system that tracks the conduct of individuals in the...
JAKARTA – PT Masmindo Dwi Area (MDA), a subsidiary of PT Indika Energy Tbk (INDY), has appointed Macmahon Holding Limited as the mining contractor for its gold mining project. The mine, located in Awak Mas, South Sulawesi, will be developed under a contract valued at AUD 463 million, according to Adi Pramono, Corporate Secretary of...
Australias consumer price inflation accelerated in November largely due to the timing of electricity rebate, the Australian Bureau of Statistics said on Wednesday. Headline inflation rose to 2.3 percent in November from 2.1 percent in October. Inflation was slightly above economists forecast of 2.2 percent. However, annual trimmed mean inflation eased to 3.2 percent from...
European stocks are seen opening broadly lower on Wednesday, though U.K. markets may open on a steady note as oil extended overnight gains on signs of tight supply from Russia and OPEC members. Technology stocks may come under selling pressure due to inflation concerns and disappointment in Nvidias new technology. Asian stocks traded mixed, with...
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as a slowing Core CPI renewed hopes of a rate cut by the Reserve Bank of Australia in February. Data from the Australian Bureau of Statistics showed that the headline monthly Consumer Price Index increasing by 2.3 percent annually in November...
U.K. stocks are moving in a very tight range Wednesday morning as investors wait for directional clues. Activity is mostly stock specific and volumes are not any significantly higher. Bank stocks are finding support, contributing to markets slight upmove. The benchmark FTSE 100 is up 13.02 points or 0.16% at 8,258.30. Barclays Group is rising...