Tesla and ServiceNow among market cap stock movers on Monday

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

At the close in Jakarta, the IDX Composite Index gained 0.24%.

The best performers of the session on the IDX Composite Index were Victoria Insurance Tbk PT (JK:VINS), which rose 34.18% or 54.00 points to trade at 212.00 at the close. Meanwhile, PP Presisi Tbk PT (JK:PPRE) added 29.06% or 34.00 points to end at 151.00 and Eratex Djaja Tbk (JK:ERTX) was up 30.89% or 59.00 points to 250.00 in late trade.

The worst performers of the session were Fortune Indonesia Tbk (JK:FORU), which fell 14.70% or 230.00 points to trade at 1,335.00 at the close. Hensel Davest Indonesia Tbk PT (JK:HDIT) declined 13.33% or 12.00 points to end at 78.00 and Steady Safe TBK PT (JK:SAFE) was down 13.88% or 58.00 points to 360.00.

Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 374 to 340 and 129 ended unchanged.

Shares in Victoria Insurance Tbk PT (JK:VINS) rose to 5-year highs; rising 34.18% or 54.00 to 212.00. Shares in PP Presisi Tbk PT (JK:PPRE) rose to 3-years highs; gaining 29.06% or 34.00 to 151.00. Shares in Eratex Djaja Tbk (JK:ERTX) rose to 52-week highs; up 30.89% or 59.00 to 250.00.

Crude oil for February delivery was up 0.19% or 0.11 to $57.35 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.16% or 0.10 to hit $61.22 a barrel, while the February Gold Futures contract rose 1.14% or 49.55 to trade at $4,377.85 a troy ounce.

USD/IDR was up 0.17% to 16,663.70, while AUD/IDR rose 0.12% to 11,078.89.

The US Dollar Index Futures was down 0.04% at 97.98.

Investing.com -- Helium One Global Ltd (AIM:HE1) announced Monday that its Galactica Project in Colorado is approaching production commencement, with first gas still scheduled before year-end.

The company, which holds a 50% working interest in the Galactica-Pegasus helium development project, reported that the gathering system has been successfully pressure tested and tied into the production facility, which has reached substantial completion. Facility commissioning is set to begin this week.

"I am pleased to announce that we are approaching the commencement of production at the Galactica project in partnership with Blue Star," said Lorna Blaisse, Chief Executive Officer. "This achievement marks a significant milestone for both the Joint Venture and our respective organisations."

Blaisse credited the onsite teams for keeping the project on track to deliver first gas before year-end.

The company is holding its Annual General Meeting later Monday, where Blaisse will provide a general update to shareholders. The presentation will be made available on the company’s website after the event.

Helium One Global describes itself as the primary helium explorer in Tanzania and holds helium licenses across two distinct project areas on two continents. Its flagship southern Rukwa Project in Tanzania entered full appraisal and development following a successful 2023/24 exploration drilling campaign that proved a helium discovery at Itumbula West-1.

The Galactica-Pegasus project in Las Animas County, Colorado is operated by Blue Star Helium Ltd (ASX:BNL) and completed a six-well development drilling campaign in the first half of 2025. The program encountered helium concentrations of up to 3.3% in the target formation.

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

Investing.com -- Filtronic plc (LON:FTC) has received an Authorization to Proceed worth approximately £7 million from a major European defence prime contractor for the next phase of a long-standing electronic sensor programme.

The authorization allows Filtronic to begin work on the project ahead of purchase order conversion in Q1 2026. The total contract value is expected to reach £11 million for a two-year programme.

Production will take place at Filtronic’s new secure, automated microelectronics facility in Sedgefield, which supports efficient, high-volume manufacturing of complex RF modules for mission-critical defence applications.

"This latest win deepens our engagement with a key European defence customer and strengthens Filtronic’s position in the defence sector, a growing market for the Group," said Nat Edington, Chief Executive Officer. "As we invest in capability and capacity, Filtronic is increasingly well positioned to support long-term demand for advanced RF solutions in the defence market."

Filtronic specializes in the design and manufacture of advanced RF solutions for the space, aerospace and defence, and telecoms infrastructure markets. The company operates from two global manufacturing sites and three engineering centers of excellence, delivering solutions across the full RF spectrum.

With a 45-year track record, Filtronic develops core IP building blocks and transforms them into customized solutions for high-growth target markets. The company is headquartered in Sedgefield, UK, and is listed on the AIM market of the London Stock Exchange.

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

Investing.com -- Mkango Resources Ltd (AIM:MKA) announced that its U.S.-based rare-earth recycling subsidiary HyProMag USA has expanded the magnet capacity of its Dallas-Fort Worth facility and updated the project’s valuation following completion of detailed engineering design work.

The expanded Texas Hub now shows a post-tax Net Present Value (NPV) of $409 million at current market prices and $780 million using forecast prices, with internal rates of return of 27.6% and 38.7% respectively.

The facility’s production capacity has increased to 941 metric tonnes per year of recycled neodymium-iron-boron (NdFeB) magnets and 611 metric tonnes of associated NdFeB co-products over a 40-year operating life.

HyProMag USA has also begun a strategic review to evaluate a potential separate U.S. listing in late 2026 or early 2027, subject to successful project execution and regulatory approvals.

The project requires $142 million in initial capital costs with a payback period of 3.1 years at current market prices or 2.2 years at forecast prices. The plant is expected to create 90-100 skilled manufacturing jobs.

Julian Treger, CoTec CEO, commented that the project "provides a unique opportunity for the U.S. to partially address its dependence on foreign supplied rare earth magnets and alloy powders."

Mkango CEO Will Dawes added that the detailed design "has further validated the compelling economics for this transformational project," noting the company’s recent signing of a long-term lease for the Dallas-Fort Worth site.

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

Investing.com-- China’s CMOC Group (HK:3993), one of the country’s biggest miners, said it will buy Equinox Gold’s Brazilian mines for $1 billion, as it diversifies further from base metals and into the red-hot precious metals sector. 

CMOC will pay Equinox (TSX:EQX) an upfront $900 million in cash and an additional up to $115 million based on certain production targets, the two companies announced in separate press releases.

CMOC will obtain 100% interests in the Aurizona Gold Mine, RDM Gold Mine and the Bahia Integrated Mining Area in Brazil. 

The deal is expected to close in the first quarter of 2026, subject to approvals from Chinese and Brazilian regulators, the companies said. 

The move comes as CMOC diversifies beyond its core copper and cobalt mining and into precious metals, which have become a hot sector this year following stellar rallies in gold and silver prices. 

Equinox said a bulk of the proceeds from the deal will be deployed towards meeting its debt obligations. The Canadian miner said the sale was also aimed at simplifying its portfolio and focusing more on its core operations in Canada and the United States. 

CMOC shares rose 1.1% in Hong Kong trade.