First Half Results & The Market

Composite index of Indonesia Stock Exchange (IDX) finally returned to above 6,000 this morning, lifted by positive sentiment from first half results of companies. Tire manufacturer Goodyear, steel pipe producer Citra Tubindo, ICT distributor Metrodata, and mining company Kapuas Prima Coal reported significantly stronger performance in the period.

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Corporate Actions

Unilever Indonesia (UNVR), the market leader for consumer goods, has on Thursday (June 21) gained approval from shareholders on divestment of its spread assets for Rp2.92 trillion value. Assets divested to PT Upfield Consulting Indonesia reach Rp2.66 trillion and assets divested to PT Sigma Silver Indonesia reach Rp195.48 billion.

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