Indonesia's GoTo jumps 24% after relentless selloff


JAKARTA (Bloomberg): GoTo Group jumped Tuesday (Dec 13) by the most since May as some brokers upgraded the battered stock following weeks of sharp selloff.

The Indonesian ride-hailing and e-commerce provider surged as much as 24% to 108 rupiah, snapping 16 straight sessions of losses. Trading volume also soared to more than 25 times its three-month average.

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Indonesia , GoTo

   

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