Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) successfully ended Tuesday’s trading (7/6/2022) in the green zone.
JCI closed up 0.63% at 7,141.04. However, when the JCI strengthened, foreigners recorded a net sell of Rp 742 billion in the regular market.
A lot of market news milling about to color the movement of the index yesterday. Just like today, here’s market news to watch out for for trading Wednesday (8/6/2022).
Medco Prepares US$ 300 Million Capex, Oil and Gas Production Is Ready to Grow
PT Medco Energi Internasional Tbk (MEDC) prepares capital expenditure or capital expenditure (capex) of up to US$ 300 million for 2022. The budgeted allocation is US$ 270 million for the oil and gas sector.
President Director of MedcoEnergi Hilmi Panigoro explained that his party will continue to strive to boost oil and gas production. Moreover, the company also recently completed the acquisition of all shares issued by ConocoPhillips Indonesia Holding Ltd (CIHL).
“We will also develop four fields in Natuna. In 2022, around US$ 300 million, maybe US$ 270 million for oil and gas and the rest for power (electricity),” he said at CNBC Indonesia’s Talk To Titans event, Tuesday (7/6). /2022).
Samudera Indonesia Will Share Shares, Retail is Increasingly Interested?
PT Samudera Indonesia Tbk (SMDR) plans to carry out a stock split with a ratio of 1:10. Stock splits are carried out to increase stock trading liquidity and make stock prices more affordable for retail investors.
Director of Compliance and Corporate Secretary of SMDR Farida Helianti Sastrosatomo explained that it was evident that the corporate action of the company’s stock split in 2017 with a ratio of 1:20 made the daily trading volume of the company’s shares increase from an average of 2 million share transactions per day to 6 million share transactions per day. day.
“The company’s share price rose 26% at the end of 2017 since the effective stock split in August 2017,” said Farida in an information disclosure, Tuesday (7/6/2022).
Just Got Rp 101 M, Take A Peek At Kaesang Business Network
A young entrepreneur who is also the youngest son of President Joko Widodo, Kaesang Pangarep, announced that one of his startups received Series A funding from blue chip investors. However, his career path in the Indonesian business world seems to have started from a love for the capital market.
Before becoming a youth business icon, Kaseang was quite active in trading stocks and campaigning for young people to invest in the equity market. The figure of Kaseang is one of the many stock influencers who are able to attract new investors to open RDN.
Through uploads on social media, Kaesang often provides recommendations regarding stocks that have the potential to be profitable or better known as ‘sangmology’. Issuers whose names are poked by the president’s son often have a high price immediately.
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