IDX Opens Higher 1.14% After Fed Rate Hike

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 1.14% at 4534 this morning following regional and global markets. Asian stock markets jumped on Thursday as investors chose to take an historic hike in U.S. interest rates...

Japfa Ltd Boosts Ownership in PT Japfa

SINGAPORE (Yosefardi) – Japfa Ltd has, through a series of open market transactions, acquired 12.5 million shares of PT Japfa Comfeed Indonesia Tbk (JPFA), boosting its shareholding in JPFA from 57.51% to 57.63%. The aggregate consideration of Rp6.18 billion...

Jungleland Asia Mulls IPO

JAKARTA (Yosefardi) – PT Jungleland Asia, managing theme park in Bogor (West Java) mulls to launch the initial public offering (IPO), Bisnis.com reported. Jungleland Asia claims its self as the largest operator for theme park in Indonesia with 35 hectares...

IDX Ends Higher 1.68%, Rupiah Rp14,050

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 1.68% at 4483 Wednesday (Dec. 16) following regional markets. Asian markets climbed on Wednesday, taking cues from a strong finish on Wall Street. Major indexes in Australia...

Car Sales Declines 5% in November

JAKARTA (Yosefardi) – National car sales (wholesales) declined 5% to 86,979 units in November 2015, from 91,327 units in November 2014, due to the economic slowdown. For January-November 2015 period, national car sales reached 940,000 units. The Association of...

IDX Gains 0.5%, Profit Taking Hits

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) gained 0.5% to 4432 at early trade this morning but profit taking hit some stocks. Asian markets traded higher on Wednesday, taking cues from a strong finish on Wall Street overnight,...

IDX Ends Higher 0.8%, Rupiah Flat

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.8% at 4409 Tuesday (Dec. 15), supporting by the buying in afternoon trade. Asian shares edged up on Tuesday, but moved off their session highs amid caution about volatile...