BlackRock, Vanguard Bets on Merdeka Copper Gold (MDKA)
BlackRock and Vanguard increased their investments in Merdeka Copper Gold (MDKA) despite falling gold prices. MDKA is projected to rise 38.4% in 12 months.
(Bisnis.Com) 01/01/70 07:00 21903
Bisnis.com, JAKARTA — BlackRock and The Vanguard Group, two of the world’s largest investment firms, have taken a similar approach in PT Merdeka Copper Gold (MDKA), a gold miner often associated with tycoon Garibaldi “Boy” Thohir. Both firms have been accumulating MDKA shares since July 2025, and October saw a continuation of that trend.
MDKA has been on a downswing over the past week as gold prices dip. The stock closed down 1.16% at IDR 855 on Tuesday (28/10) and slipped 10.94% over the past week. Year to date (YtD), however, MDKA is still up by a whopping 147.11%.
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