The Thai stock market moved emphatically back to the downside again on Thursday, one day after ending the six-day losing streak in which it had stumbled more than 55 points or 4 percent. The Stock Exchange of Thailand now sits just above the 1,375-point plateau although it may see renewed support on Friday. The global...
Asian stocks were mostly lower on Friday amid concerns that U.S. President-elect Donald Trumps fiscal, trade and tariff policies could prompt the Federal Reserve to end its rate-cutting cycle. Oil and gold prices headed for a weekly decline as the dollar and U.S. Treasury yields continued to surge amid expectations for prolonged high U.S. interest...
Indian shares look set to open on a subdued note Friday as a weakening rupee fueled worries that foreign portfolio investors could sell holdings like they did in October. For the year so far, FIIs have net sold Rs 2.94 lakh crore worth of shares. IT stocks could be in focus today after Accenture beat...
Indian shares are seen opening sharply lower on Thursday, mirroring weak cues from global markets after the U.S. Federal Reserve forecast fewer interest-rate cuts next year. Benchmark indexes Sensex and Nifty fell around 0.6 percent each on Wednesday and the Indian rupee hit a new record low for the third consecutive day due to continued...
Indian shares opened on a weak note Thursday after the U.S. Federal Reserve delivered a 25-bps rate cut as expected but revised its projections to signal just two interest rate cuts next year compared to the four previously forecast, citing stubbornly high inflation. The benchmark S&P/BSE Sensex was down 923 points, or 1.2 percent, at...
JAKARTA – PT Energi Mega Persada Tbk (ENRG), an oil and gas company owned by the Bakrie Group, plans to conduct a share buyback with a budget of USD 12 million. Assuming ENRG will be using Bank Indonesias mid-rate on December 17, 2024, of IDR 16,019 per USD 1, the total funds prepared by the...
JAKARTA – Bank Indonesia (BI) will increase the portion of the Macroprudential Liquidity Incentive Policy (KLM) assistance to IDR 290 trillion for hundreds of banks starting next year. Juda Agung, BIs Deputy Governor, stated that the KLM distribution next year will focus on sectors that generate the most employment. These sectors include agriculture, trade, housing,...
JAKARTA – PT Hero Global Investment Tbk (HGII), a renewable energy company, will conduct an Initial Public Offering (IPO) by releasing 1.3 billion shares. The shares offered by HGII represent 20% of the company’s issued and fully paid-up capital post-IPO. Each share has a nominal value of IDR 25 and will be offered at a...
JAKARTA - On Tuesday, December 17, foreign investor CGS International Securities Singapore Pte Ltd bought 155 million shares to its holdings inPT Astrindo Nusantara Infrastruktur Tbk (BIPI). This investor previously held about 15.67% ofBIPIs shares; however, this most recent acquisition raised that percentage to nearly16%. Energy infrastructure is the focus ofBIPIshares. Subsequently, Sendra Gunawan acquired...
JAKARTA – PT Daya Intiguna Yasa Tbk (MDIY), the issuer behind the MR. D.I.Y retail brand, is ready to seize the opportunities in the non-grocery retail segment, which remains substantial, after its listing on Indonesia Stock Exchange (IDX) today (19/12). MDIYs management shared that the non-grocery retail segment in Indonesia currently has a Total Addressable...