The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although its expected to turn lower again on Monday. The global forecast for the Asian markets is broadly negative after...
The Thai stock market on Friday snapped the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau although it figures to head south again on Monday. The global forecast for the Asian markets is broadly negative after strong U.S....
JAKARTA. Bank Indonesias decision to cut its benchmark interest rate to 5.75% on Wednesday (15/1) today came as a surprise to market participants. A number of economists surveyed by Reuters did not even predict a cut in the BI benchmark interest rate. This is because the rupiah has been under strong pressure from the US...
JAKARTA – After foreign investors released 3.06 billion shares but only purchased about 2.85 billion, the net foreign volume on Wednesday, January 15, was still shown as a net sell. With a net sell of 124.51 million shares, multimedia and television business PT Surya Citra Media Tbk (SCMA) held the top spot in todays top...
JAKARTA. Jakarta Composite Index (JCI) strengthened again, rising by 1.77% or 122.89 points to 7,079.56 in Wednesday’s (15/1) trading session, after hitting its lowest level in the past seven months. A total of 18.08 billion shares were traded in 1.37 million transactions. The total trading value on the Indonesia Stock Exchange (IDX) yesterday was IDR...
JAKARTA – PT Platinum Wahab Nusantara Tbk (TGUK), the managing company of Teguk beverage chain, has realised IDR 110.44 billion from its initial public offering (IPO) held in July 2023. Maulana Hakim, President Director of TGUK, stated that the company raised IDR 112.17 billion from the IPO on 10 July 2023. The funds were allocated...
JAKARTA – Director ofPT Bumi Resources Minerals Tbk (BRMS),Herwin Hidayat, acquires 2.32 million shares of BRMS with total transaction value of almost IDR 1 billion. The transaction took place last Friday (8/1). “The transaction is meant as personal investment through direct ownership,” Hidayat claimed in the official statement issued through Indonesia Stock Exchange (IDX). The...
The U.K. market is up in positive territory Thursday morning, led by gains in the mining sector, even as stocks from the retail sector are reeling under selling pressure, despite several big name retailers reporting a surge in sales. A weak pound is contributing significantly to markets upmove. The benchmark FTSE 100 was up 53.70...
The British pound weakened against other major currencies in the European session on Thursday, on worries about the rising borrowing costs in the U.K. and the stagflation threat. The 10-year borrowing costs in the U.K. skyrocketed to their greatest levels since the 2008 financial crisis, the bank borrowing nearly came to a complete standstill. The...
Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices. Volume of business is likely to be a bit thin as U.S. markets are closed today in...