The Jakarta Composite Index at the beginning of the week (12/7) has the opportunity to experience a correction by moving to the support and resistance levels of 5,913-6,123

PT Bakrie & Brothers Tbk (BNBR) announced that Fountain City Investment Limited had sold 3.10 billion shares of BNBR.

PT Satria Antaran Prima Tbk (SAPX) has decided to cancel the stock split plan.

PT Krakatau Steel (Persero) Tbk with PT Perusahaan Pengelola Asset (Persero) (PT PPA) signed a Memorandum of Understanding (MoU) for Cooperation in Fulfilling the Need for Steel Products and other potential forms of cooperation.

The General Meeting of Shareholders (GMS) of PT Merdeka Copper Gold Tbk (MDKA) approved the plan to buy back (buyback) of shares as much as 1% or a maximum of 229,033,658 shares with a maximum allocation of funds of Rp530 billion.

PT Krakatau Steel (Persero) Tbk succeeded in producing the first Hot Rolled Coil (HRC) from the Hot Strip Mill 2 (HSM 2) factory with a capacity of 1.5 million tons per year.

The selective buying action undertaken by market players was the driving force behind the strengthening of the Jakarta Composite Index at the opening of trading on Tuesday (18/5) by 2.22 points.