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PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) is trading 9.1% higher.

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) is trading 9.1% higher.

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) is trading 9.1% higher.

Shares of PT Semen Indonesia (Persero) Tbk (OTCMKTS: PSGTY) showed a strong increase of 9.1% on Monday. The stock price reached a high of $5.27, and the last trade was recorded at $5.26. The average daily trading volume was about 600 shares, which is 51% lower than the average of 1,235 shares. At the close of the previous trading day, the quotes were at $4.82.

There is an observed increase in the stock prices of PT Semen Indonesia (Persero) Tbk by 9.1%. Important technical indicators for the company include50-day simple moving average at $4.80and also200-day moving average, which is $6.14.

Company activities

On the market, PT Semen Indonesia (Persero) Tbk is engaged in the production, packaging, and distribution of cement at both the Indonesian and international levels. The company's activities are divided into two main segments:

  • cement production
  • production not related to cement

In addition to its core activities, the company also engages in:

  • extraction of limestone and clay
  • production of cement bags
  • development of industrial real estate
  • building rentals
  • production of concrete with predetermined parameters
  • extraction of fillers

PT Semen Indonesia is also involved in:

  • consulting
  • mining and trading activities
  • transportation and construction

Promising stocks

If you're interested in which stocks might be more promising than PT Semen Indonesia (Persero) Tbk, we can highlight a few.

For example, consider three stocks in the food sector that can help cope with inflation. It's also worth paying attention to Moderna stocks, which experienced a decline after the release of their second-quarter report, but there are chances for a sharp rise due to a short squeeze.

What makes a stock good for dividend payments? And what is the options strategy for maximizing profits in a bear market?

In addition, there are examples of the best stocks of large companies that are worth considering for purchase. Currently, Lululemon shares are preparing for a significant recovery in the market.

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