Reported about 8 hours ago
PT Merdeka Gold Resources experienced a 25% jump in share price during its trading debut in Jakarta, following Indonesia's largest initial public offering of the year, which successfully raised 4.66 trillion rupiah ($281 million). The offering attracted over 400,000 investors globally, capitalizing on the rising gold prices. This positive performance signals a robust domestic investor market despite broader economic uncertainties, as the company prepares to begin gold production in Sulawesi next year.
Source: YAHOO