Indonesia's GoTo Jumps 24% After Relentless Selloff
- Indonesia exchange says it’s monitoring the stock: statement
- GoTo shares have fallen more than 70% since April debut
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GoTo Group jumped Tuesday 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 15% to 100 rupiah, snapping 16 straight sessions of losses. Trading volume also soared to about 30 times its three-month average.