United Tractors is trading 5.7% up at IDR 25,900 after announcing a significant share buyback program to support its market valuation.
- The company plans to repurchase up to IDR 2 trillion of its shares using internal cash reserves.
- The buyback initiative aims to bolster investor confidence and stabilize the stock price amid a volatile market environment.
- Investors have reacted positively to the news, driving the stock's strong upward momentum in today's session.