Rivian stock soars after Needham raises price target on AI advancements

Investing.com – Indonesia stocks were higher after the close on Friday, as gains in the Agriculture, Basic Industry and Property sectors led shares higher.

At the close in Jakarta, the IDX Composite Index added 0.41%.

The best performers of the session on the IDX Composite Index were Citatah Tbk (JK:CTTH), which rose 34.57% or 56.00 points to trade at 218.00 at the close. Meanwhile, Abadi Lestari Indonesia Tbk Pt (JK:RLCO) added 25.00% or 110.00 points to end at 550.00 and Bumi Resources Minerals Tbk (JK:BRMS) was up 24.87% or 245.00 points to 1,230.00 in late trade.

The worst performers of the session were Ketrosden Triasmitra PT (JK:KETR), which fell 14.86% or 220.00 points to trade at 1,260.00 at the close. Harapan Duta Pertiwi PT (JK:HOPE) declined 14.53% or 25.00 points to end at 147.00 and Murni Sadar Tbk PT (JK:MTMH) was down 12.95% or 180.00 points to 1,210.00.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 403 to 295 and 142 ended unchanged.

Shares in Citatah Tbk (JK:CTTH) rose to all time highs; up 34.57% or 56.00 to 218.00. Shares in Abadi Lestari Indonesia Tbk Pt (JK:RLCO) rose to all time highs; gaining 25.00% or 110.00 to 550.00. Shares in Bumi Resources Minerals Tbk (JK:BRMS) rose to all time highs; gaining 24.87% or 245.00 to 1,230.00.

Crude oil for January delivery was up 0.62% or 0.36 to $57.96 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.54% or 0.33 to hit $61.61 a barrel, while the February Gold Futures contract rose 0.34% or 14.45 to trade at $4,327.45 a troy ounce.

USD/IDR was up 0.06% to 16,646.90, while AUD/IDR rose 0.04% to 11,107.20.

The US Dollar Index Futures was unchanged 0.00% at 97.99.

Investing.com -- VertiGIS Ltd, a portfolio company of Battery Ventures, has reached an agreement in principle with 1Spatial plc (AIM:SPA) on key terms for a possible cash offer valuing the geospatial software company at approximately £87.1 million.

The possible offer of 73 pence per share represents a 57% premium to 1Spatial’s closing price of 46.5 pence on Wednesday, according to a regulatory announcement released Friday.

The 1Spatial board has indicated it intends to unanimously recommend the offer to shareholders should a firm offer be made, citing attractive valuation and compelling liquidity opportunity not currently available in public markets.

The possible offer has already received support from 1Spatial’s largest shareholders representing 33.8% of issued ordinary share capital.

VertiGIS has secured irrevocable undertakings from Threadneedle Asset Management Limited and Columbia Threadneedle Management Limited for approximately 17.7% of shares, and a non-binding letter of intent from Canaccord Genuity Asset Management for approximately 16.1%.

1Spatial’s board believes the combination would create strategic benefits by aligning complementary product capabilities and customer bases, potentially accelerating adoption of 1Spatial’s technology and broadening international distribution.

Under the Code on Takeovers and Mergers, VertiGIS must announce a firm intention to make an offer by January 9, 2026, or announce it does not intend to proceed.

VertiGIS, headquartered in London, is a leading spatial asset management solutions provider with over 500 employees across 21 offices in 9 countries. The company serves more than 5,000 customers worldwide, primarily in utility, government, telecommunications and infrastructure sectors.

Battery Ventures, which backs VertiGIS, is currently investing from its 14th flagship fund and companion Select Fund II, together capitalized at $3.8 billion, with Battery having raised over $13 billion since inception.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Petro Matad Limited, the AIM-quoted Mongolian oil company, said on Friday it has achieved most productive month to date in November following the successful startup of its Gazelle-1 well.

The company reported that Heron-1 continues to deliver stable production in line with forecasts, with no free water detected. Gazelle-1, which began production in early November at 200 barrels per day, experienced some initial challenges but is now contributing to increased revenue.

Petro Matad is finalizing the rewording of its Oil Sales Agreement with PetroChina to remove partial withholding of revenue and secure payment of previously withheld amounts. Only the "relatively minor matter of tax payable on processing fees" remains to be resolved, according to the company.

The 2026 Oil Sales Agreement is being prepared with amendments from the 2025 contract.

The company has received a farm-in proposal for Block XX and hosted a due diligence visit to Mongolia and Block XX facilities. Discussions are continuing while Petro Matad follows up with two other potentially interested parties.

For Block VII, in-house studies continue alongside field work that included recovering cuttings samples from the only well drilled in the block so far. The company is focusing its farm-in partner search on operators active in northern China near the border with Block VII.

Petro Matad’s SunSteppe Renewable Energy (SRE) joint venture is progressing three major projects:

A 200MW Hybrid Renewable Energy Project in Tuv Province is being developed in partnership with Tsetsens Mining and Energy LLC. Phase 1 includes 100MW of solar PV with approvals and ready-to-build status targeted by third quarter 2026. Phase 2 will add 100MW of wind power with possible completion by late 2028.

SRE is also leading Mongolia’s first green hydrogen initiative with the Oyu Tolgoi copper mine, starting with 3MW of electrolyser capacity and expanding to 24MW of hybrid wind-solar power supply in the second phase.

Additionally, SRE is pursuing a 50MW Battery Energy Storage System project at Choir, having signed an MoU with ZTT International to strengthen its competitive position for upcoming government auctions.

Mike Buck, CEO of Petro Matad, said: "We have had Petro Matad’s most productive month to date as a result of Gazelle-1, our second producer, coming onstream and we are delighted to have established reliable operations and export of this production before the onset of winter."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com – U.S. stocks were mixed after the close on Thursday, as gains in the Basic Materials, Financials and Industrials sectors led shares higher while losses in the Technology, Oil & Gas and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average gained 1.34% to hit a new all time high, while the S&P 500 index gained 0.21%, and the NASDAQ Composite index fell 0.26%.

The best performers of the session on the Dow Jones Industrial Average were Visa Inc Class A (NYSE:V), which rose 6.11% or 19.90 points to trade at 345.63 at the close. Meanwhile, Nike Inc (NYSE:NKE) added 2.96% or 1.95 points to end at 67.74 and Unitedhealth Group (NYSE:UNH) was up 2.57% or 8.44 points to 336.81 in late trade.

The worst performers of the session were Coca-Cola Co (NYSE:KO), which fell 1.57% or 1.10 points to trade at 69.11 at the close. NVIDIA Corporation (NASDAQ:NVDA) declined 1.55% or 2.85 points to end at 180.93 and Cisco Systems Inc (NASDAQ:CSCO) was down 1.22% or 0.98 points to 79.27.

The top performers on the S&P 500 were Royal Caribbean Cruises Ltd (NYSE:RCL) which rose 7.42% to 279.70, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which was up 6.81% to settle at 20.55 and Visa Inc Class A (NYSE:V) which gained 6.11% to close at 345.63.

The worst performers were Oracle Corporation (NYSE:ORCL) which was down 10.83% to 198.85 in late trade, Paramount Skydance Corp (NASDAQ:PSKY) which lost 4.08% to settle at 14.12 and International Flavors & Fragrances Inc (NYSE:IFF) which was down 3.28% to 63.25 at the close.

The top performers on the NASDAQ Composite were Agape ATP Corp (NASDAQ:ATPC) which rose 162.21% to 0.18, PetMed Express Inc (NASDAQ:PETS) which was up 68.36% to settle at 2.98 and Velo3D Inc (NASDAQ:VELO) which gained 55.58% to close at 13.38.

The worst performers were Oriental Culture Holding Ltd (NASDAQ:OCG) which was down 89.16% to 0.94 in late trade, Rezolute Inc (NASDAQ:RZLT) which lost 87.25% to settle at 1.39 and C3is Inc (NASDAQ:CISS) which was down 80.81% to 0.33 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1809 to 952 and 85 ended unchanged; on the Nasdaq Stock Exchange, 1837 rose and 1526 declined, while 175 ended unchanged.

Shares in Oriental Culture Holding Ltd (NASDAQ:OCG) fell to all time lows; down 89.16% or 7.76 to 0.94. Shares in Rezolute Inc (NASDAQ:RZLT) fell to 52-week lows; losing 87.25% or 9.55 to 1.39. Shares in C3is Inc (NASDAQ:CISS) fell to all time lows; down 80.81% or 1.39 to 0.33.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 5.20% to 14.95 a new 1-month low.

Gold Futures for February delivery was up 1.94% or 82.10 to $4,306.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.99% or 0.58 to hit $57.88 a barrel, while the February Brent oil contract fell 1.06% or 0.66 to trade at $61.55 a barrel.

EUR/USD was unchanged 0.38% to 1.17, while USD/JPY fell 0.21% to 155.58.

The US Dollar Index Futures was down 0.45% at 97.98.

Investing.com – Canada stocks were higher after the close on Thursday, as gains in the Materials, Industrials and Financials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite rose 0.54% to hit a new all time high.

The best performers of the session on the S&P/TSX Composite were TerraVest Industries Inc (TSX:TVK), which rose 22.33% or 28.66 points to trade at 157.03 at the close. Meanwhile, Perpetua Resources Corp (TSX:PPTA) added 13.52% or 4.79 points to end at 40.21 and New Gold Inc (TSX:NGD) was up 9.09% or 0.98 points to 11.76 in late trade.

The worst performers of the session were Empire Company Ltd (TSX:EMPa), which fell 9.19% or 4.71 points to trade at 46.52 at the close. Premium Brands Holdings Corporation (TSX:PBH) declined 6.76% or 6.94 points to end at 95.65 and Parex Resources Inc (TSX:PXT) was down 3.67% or 0.66 points to 17.30.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 527 to 375 and 76 ended unchanged.

Shares in Perpetua Resources Corp (TSX:PPTA) rose to 5-year highs; gaining 13.52% or 4.79 to 40.21. Shares in New Gold Inc (TSX:NGD) rose to 5-year highs; up 9.09% or 0.98 to 11.76.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 0.33% to 12.13.

Gold Futures for February delivery was up 1.99% or 84.15 to $4,308.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.99% or 0.58 to hit $57.88 a barrel, while the February Brent oil contract fell 1.06% or 0.66 to trade at $61.55 a barrel.

CAD/USD was unchanged 0.16% to 0.73, while CAD/EUR unchanged 0.22% to 0.62.

The US Dollar Index Futures was down 0.46% at 97.98.

Investing.com – Colombia stocks were lower after the close on Thursday, as losses in the Financials, Investment and Public Services sectors led shares lower.

At the close in Colombia, the COLCAP declined 0.26%.

The best performers of the session on the COLCAP were Grupo Nutresa SA (BVC:NCH), which rose 2.48% or 6,300.00 points to trade at 260,000.00 at the close. Meanwhile, Banco De Bogota SA (BVC:BBO) added 1.54% or 600.00 points to end at 39,460.00 and Organizacion Terpel SA (BVC:TPL) was up 1.12% or 200.00 points to 18,000.00 in late trade.

The worst performers of the session were Ecopetrol SA (BVC:ECO), which fell 2.33% or 45.00 points to trade at 1,890.00 at the close. Mineros SA (BVC:MAS) declined 1.94% or 300.00 points to end at 15,180.00 and Interconnection Electric SA ESP (BVC:ISA) was down 1.26% or 320.00 points to 25,100.00.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 1 to 0.

Shares in Banco De Bogota SA (BVC:BBO) rose to 52-week highs; gaining 1.54% or 600.00 to 39,460.00.

US coffee C for March delivery was up 0.93% or 3.45 to $375.75 . Elsewhere in commodities trading, US cocoa for delivery in March rose 1.69% or 105.00 to hit $6,326.00 , while the February Gold Futures contract rose 1.94% or 82.00 to trade at $4,306.70 a troy ounce.

USD/COP was down 1.00% to 3,799.25, while BRL/COP rose 0.12% to 703.37.

The US Dollar Index Futures was down 0.47% at 97.97.