Jakarta, July 8 -- Senior Technical Analyst at Mirae Asset Sekuritas Indonesia, M Nafan Aji Gusta, said the recent stock purchases by directors of PT Amman Mineral Internasional Tbk (AMMN) should be viewed as a collective signal of confidence rather than individual investment decisions.

"The share accumulation by AMMAN's directors could indicate that management sees positive prospects for the company, supported by solid business fundamentals," Nafan said here on Wednesday.

This comes as the broader market faces pressure from macroeconomic concerns and foreign capital outflows, which do not necessarily reflect the company's actual operational performance.

His assessment is in line with an initiation report released by BRI Danareksa Seku...