Linda Jones, an avid XRP enthusiast, recently shared in an X post that demand for XRP is rising as institutions diversify their portfolios.Franklin Templeton has just filed for an XRP ETF, bringing the total number of XRP ETF filings to 11, as the SEC lawsuit against Ripple nears its conclusion. In recent developments, institutional investors...
JAKARTA. The Indonesia Stock Exchange (IDX) is targeting 407 securities listings throughout 2025, including 66 Initial Public Offerings (IPOs). Iman Rachman, President Director of the IDX, admitted that he is quite optimistic about the target, even though the global economy is still overshadowed by the risk of high interest rates. “When we talk about IPOs,...
JAKARTA - PT Pollux Hotels Group Tbk (POLI) sold its shares in two of its subsidiaries to PT Sentosa Prima Siji (SPS) in a transaction earlier this week (30/12). Maria Indah Pratiwi, Director of POLI, said that POLIs subsidiaries that sold their shares were PT Aman Berkat Cemerlang (ABC) and PT Batam Bintang Bahana (BBB)....
JAKARTA – On the first trading day of 2025, foreign transactions ended with a net sell of 337.04 million shares. Foreign investors purchased 3.36 billion shares on Thursday, January 2, but sold over 3.70 billion shares. PT Metro Healthcare Indonesia Tbk (CARE), a hospital and integrated health services provider, topped the list of the top...
JAKARTA – Analyst at PT Binaartha Sekuritas, Nafan Ali, mentioned that the prospect of retail sector in Indonesia is quite promising, supported by solid economic foundation and increased domestic consumption. Said prospect, said Ali, could be the positive catalyst needed for issuers in the retail sector, such as PT Daya Intiguna Yasa Tbk (MDIY), or...
JAKARTA – Jakarta Stock Price Composite Index (JCI) saw 0.75% or 52.71-points increase to 7,036.57 last week, led by some of blue-chip state-owned stocks. For example, PT Telkom Indonesia (Persero) Tbk (TLKM)is leading the Top Leaders board with 7.48% jump in price, thus boosting the index by 22.42 points. TLKM was followed by PT Bank...
China will on Tuesday see December results of the manufacturing, non-manufacturing and composite PMIs from the National Bureau of Statistics, highlighting a light day for Asia-Pacific economic activity. In November, their scores were 50.3, 50.0 and 50.8, respectively. South Korea will release December data for consumer prices, with forecasts suggesting an increase of 0.2 percent...
Despite recovering from early lows, the Canadian market closed notably lower on Monday, hurt by losses in materials, technology and consumer sectors. Several stocks from healthcare, real estate and industrials sectors too ended on a weak note. U.S. President-elect Donald Trumps tariff threats, interest rate uncertainty and persisting concerns about geopolitical tensions weighed on sentiment....
Consumer prices in South Korea were up 2.3 percent on year in 2024, Statistics Korea said on Tuesday - moderating from 2.5 percent in the previous year. For December, inflation rose 0.4 percent on month versus expectations for an increase of 0.2 percent following the 0.3 percent contraction in November. On a yearly basis, consumer...
The Malaysia stock market has climbed higher in five straight sessions, improving more than 45 points or 2.7 percent along the way. The Kuala Lumpur Composite Index now sits just shy of the 1,640-point plateau, although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit...