The Taiwan stock market has moved higher in two straight sessions, collecting almost 500 points or 2.2 percent along the way. The Taiwan Stock Exchange now sits just above the 22,150-point plateau although it may run out of steam on Monday. The global forecast for the Asian markets is soft, with profit taking likely on...
The China stock market has tracked higher in three straight sessions, advancing more than 30 points or 1.1 percent along the way. The Shanghai Composite now sits just above the 2,735-point plateau although the rally may stall on Monday. The global forecast for the Asian markets is soft, with profit taking likely on the docket...
The Hong Kong stock market has moved higher in six straight sessions, collecting more than 1,150 points or 6.4 percent along the way. The Hang Seng Index now sits just above the 18,250-point plateau although its overdue for profit taking on Monday. The global forecast for the Asian markets is soft, with profit taking likely...
BlackRock’s iShares Bitcoin Trust (IBIT) is set to make waves in the financial markets with the U.S. Securities and Exchange Commission (SEC) approving the listing and trading of options on its Bitcoin spot ETF. This approval is expected to increase liquidity, attract long-term investors, and boost participation in the Bitcoin market, according to the research...
JAKARTA – PT Astra International Tbk (ASII) will compete with electric vehicle (EV) players from China, which have already been circulating in Indonesia. Until the first semester of 2024, the EV market reached 9.3% of Astras total four-wheeled vehicle sales, up from 7% at the end of 2023. According to Tira Ardianti, Head of Corporate...
JAKARTA - The Composite Stock Price Index (IHSG) was at 7,829.14 at the closing bell on Wednesday (18/9). The Indexs rate has been moving down since the opening bell at 09.00 WIB. Monitored until the close of stock transactions, the movement of IHSG at the opening of stock transactions had reached 7,873.39. However, approaching the...
JAKARTA. PT Sarana Menara Nusantara Tbk (TOWR) plans to conduct a capital raise with preemptive rights, also known as rights issue, to collect fresh funds of up to IDR 9 trillion. This corporate action will be held by TOWR after obtaining approval from Extraordinary General Meeting of Shareholders, which is scheduled to take place on...
JAKARTA. PT Industri dan Perdagangan Bintraco Dharma Tbk (CARS) has increased capital investment in PT Sarana Bangun Raharja (SBR), a subsidiary engaged in the automotive sector. Lina M. Ibrahim, Corporate Secretary of CARS, said that this additional capital investment is allocated through PT Bangun Rahmat Sejahtera (BRS). For the record, BRS is a subsidiary directly...
JAKARTA.PT Perusahaan Gas Negara Tbk (PGAS)has reportedly collaborated with PT ITDC Nusantara Utilitas (INU), a subsidiary of InJourney Tourism Development Corporation, to develop a gas network in tourism sector. Ratih Esti Prihatini, Director of Commercial of PGAS, mentioned that this partnership is the first step to fulfil the target of gas network construction target. “Hopefully,...
The Indonesia stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 80 points or 1 percent. The Jakarta Composite Index now rests just above the 7,740-point plateau and it may tick lower again on Monday. The global forecast...