The Indonesia stock market has finished lower in five straight sessions, sinking more than 350 points or 4.7 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it figures to open under pressure again on Thursday. The global forecast for the Asian markets suggests major consolidation on the...
The Thai stock market on Wednesday ended 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 beneath the 1,400-point plateau although its expected to open firmly in the red on Thursday. The global forecast for the Asian markets suggests major...
Asian stocks were deep in the red on Thursday, the yield on benchmark U.S. Treasury yields touched a seven-month high, the dollar index jumped to a two-year high and gold held below $2,600 per ounce after the U.S. Federal Reserve signaled a slower pace of easing next year amid ongoing upside inflation risks. Analysts have...
JAKARTA – Jakarta Composite Index (JCI) dropped 0.74% due to the weakening of several large-cap stocks on Thursday afternoon (19/12). JCI decline was driven by unsatisfactory stock performance of several issuers with the biggest market capitalisation in the past week, since December 13. Data compiled by IDNFinancials highlights five large market capitalization issuers, including PT...
JAKARTA. The Indonesian government together with PT Perusahaan Listrik Negara (Persero) or PLN, are trying to achieve the new realization of New Renewable Energy (EBT) which is targeted at 17.87%. It is known that in 2023, the new EBT targeted by the Indonesian Government will only be realized at 13.09%. Meanwhile, the domestic installed EBT...
JAKARTA - PT Habco Trans Maritima Tbk (HATM) to carry out a rights issue of 1.8 billion shares with a nominal value of IDR 50 per share. The total shares to be issued are 25.71% of the 7 billion shares issued and paid up by this issuer. Antonius Limbong, Corporate Secretary of HATM said that...
JAKARTA – PT Goto Gojek Tokopedia Tbk (GOTO) displaced PT Astrindo Nusantara Infrastruktur Tbk (BIPI) from the top of net foreign transactions at today’s (19/12) closing bell. According to data compiled by IDN Financials, GOTO recorded a net foreign of 330.10 million shares, with foreign buy and foreign sell at 1.68 billion and 1.35 billion...
JAKARTA – PT Bank Rakyat Indonesia Tbk (BBRI)’s Director of Digital and Information Technology, Arga M. Nugraha, assured the public that BRIs customer data and funds remain secure, following rumors of a data breach. In response to circulating reports about a potential BRI data leak, Arga issued a written statement clarifying several key points: BRI...
European stocks are seen opening lower on Thursday as investors react to the Fed and Bank of Japan rate decisions and await the Bank of Englands policy announcement. The U.S. Federal Reserve on Wednesday cut the key lending rate by 25 basis point as expected but revised its projections to signal just two interest rate...
The Bank of England is set to hold its bank rate on Thursday after easing the policy twice this year, as inflation remains above the 2 percent target and wage growth strengthened unexpectedly. The Monetary Policy Committee is forecast to leave the interest rate at 4.75 percent. The bank had reduced the rate by quarter-point...