JAKARTA - The Composite Stock Price Index (JCI) showed a 4.65% decline in trading last week, to 7,324.79. The decline was driven by low liquidity on the stock exchange during December 16-20, 2024. The average volume of shares traded in this period fell 17.71% during the week, to 23.32 billion shares. Meanwhile, the average transaction...
Jakarta - PT Estika Tata Tiara Tbk (BEEF) managed to record significant growth through a strategy of increasing distribution, product innovation, and strengthening business infrastructure. In an effort to expand market reach, BEEF added distribution facilities in several strategic locations, such as East Bekasi, BSD, and Cengkareng. This step is expected to support the distribution...
JAKARTA - PT Techno9 Indonesia Tbk (NINE), a technology company that was listed on the Indonesia Stock Exchange (IDX) on December 5, 2022, will be acquired by Poh Group Pte Ltd. The number of NINE shares to be acquired by Poh Group is 70%. All of these shares will be taken over from Heddy Kandou...
JAKARTA - Pharmaceutical company PT Brigit Biofarmaka Teknologi Tbk (OBAT) will hold an IPO whose value exceeds its total assets. In the prospectus submitted, OBAT will release as many as 170 million shares. This amount is equivalent to 28.33% of the companys issued and fully paid capital after the IPO. Each share has a nominal...
JAKARTA - PT Campina Ice Cream Industry Tbk (CAMP) explained a number of its strategies in dealing with new players in the ice cream market, amid slowing net profit performance. According to .com data, CAMP only recorded a net profit of IDR 59 billion in the first nine months (9M) of 2024. This is much...
Indian shares fluctuated before ending on a flat note Tuesday ahead of the Christmas holiday. While positive global cues helped underpin sentiment in early trade, higher levels attracted profit taking in the absence of catalysts in the holiday-shortened week. The benchmark S&P/BSE Sensex hit an intra-day high of 78,877.36 before reversing course to end the...
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday. India is the third-largest oil consumer in the world, so the modest increase in crude oil prices hurts the value of the Indian rupee. Meanwhile, the markets expect an intervention by the Reserve Bank of India (RBI) is likely to lessen...
European stocks posted marginal gains in the shortened trading session on Tuesday, with investors mostly staying away on the sidelines ahead of Christmas holidays. Some major markets in the region remained shut for Christmas Eve. The pan European Stoxx 600 closed higher by 0.21%. The U.K.s FTSE 100 gained 0.42% and Frances CAC 40 edged...
The pound rose against its major counterparts in the New York session on Tuesday. The pound rose to 5-day highs of 197.63 against the yen and 1.1314 against the franc, off its early lows of 196.61 and 1.1258, respectively. The pound touched 0.8275 against the euro, setting a 4-day high. The pound edged up to...
The Swiss franc declined against its most major counterparts in the New York session on Tuesday. The franc touched 0.9011 against the greenback and 1.1314 against the pound, setting 5-day lows. The franc dropped to a 6-day low of 0.9367 against the euro. The next possible support for the franc is seen around 0.92 against...