JAKARTA (Yosefardi) – Stocks of MNC Groups were in green zone this morning with MNC Investama Tbk (BHIT), formerly Bhakti Investama, holding company, gaining 3.28%.
While Media Nusantara Citra (MNCN) rose 1.87%, and Global Mediacom (BMTR) increased 2.03%. Indonesia Air Transport also climbed 3.4% and MNC Sky Vision advanced 2.78%.
MNCN, BMTR, and BHIT previously said they are ready to buy back their shares amid current market corrections.
The Financial Service Authority (OJK) had in Friday last week (August 23) issued new rule allowing a listed company to launch a buy back of shares without seeking approval from shareholders for a maximum of 20% of total company’s paid-up shares capital.