PT Armidian Karyatama Tbk (ARMY) plans to raise its capital without pre-emptive rights by up to 3.58% of its paid-up capital of 322.2 million shares at Rp50 per share via a debt-to-equity swap.

In the first session of trade today on Tuesday (24/8), the Jakarta Composite Index fell 32.19 points, or 0.53%, to 6,077.63.

The Ministry of Finance and Bank Indonesia have set a target of Rp224 trillion in Government Securities (government bonds) issuance in 2022, while for this year, it is Rp215 trillion.

PT Hasnur Internasional Shipping Tbk set an initial public offering (IPO) price of Rp300 per share, making the value of this share offering reached Rp157.57 billion.

PT Wahana Interfood Nusantara Tbk (COCO) plans to increase its capital by granting rights issues of a maximum of 331.76 million new shares.

The appreciation of the rupiah against the US dollar on Tuesday (24/8) is expected to continue as market sentiment toward risk assets improves and the tapering issue eases.

The spot gold price on Tuesday (24/8) has the potential to rise, backed by the easing of tapering concerns following the release of US economic data yesterday night, specifically survey data on US manufacturing and service sector activity which was lower than market forecasts.

Positive sentiment in global and regional markets triggered the strengthening of the Composite Stock Price Index (JCI) at the opening of trading Tuesday (24/8) by 4.84 points.

The Indonesia Stock Exchange (IDX) stated that as many as four stocks during the suspension period had passed the 24-month deadline. PT Polaris Investama Tbk (PLAS), PT Golden Plantation Tbk (GOLL), PT Sugih Energy Tbk (SUGI), and PT Trikomsel Oke Tbk  (TRIO) were among these companies.

The Jakarta Composite Index on Tuesday (24/8) was overshadowed by the sentiment of easing the implementation of Restrictions on Community Activities PPKM from level 4 to level 3.

PT Mitra Keluarga Karyasehat Tbk (MIKA) plans to buy back a maximum of 83 million shares which the company will carry out within August 23 to November 22, 2021.