IDX Freezes Trading in Seven Firms, Stocks Start Week Higher at 8,082
Jakarta. The Jakarta Composite Index (JCI) opened at 8,082 on Monday, trading within the 8,044–8,087 range. The market recorded a volume of 3.74 billion shares, with a turnover of Rp 1.9 trillion across 243,467 transactions. A total of 274 stocks advanced, 203 declined, and 190 remained unchanged.
Gains were supported by several sectors, with energy up 0.17 percent, property rising 0.36 percent, infrastructure adding 0.70 percent, and primary consumer goods climbing 0.75 percent. Meanwhile, transportation slipped 0.57 percent, healthcare eased 0.30 percent, non-primary consumer goods edged down 0.10 percent, and industry also dipped 0.10 percent.
The Indonesia Stock Exchange (IDX) suspended trading in seven stocks at the start of today’s session due to sharp cumulative price increases. The suspended shares include coal miner Dana Brata Luhur (TEBE), education and training provider Idea Indonesia Akademi (IDEA), logistics firm Logisticplus International (LOPI), shipping and logistics company Tanah Laut (INDX), telecommunications infrastructure player Krida Jaringan Nusantara (KJEN), financing services provider Fuji Finance Indonesia (FUJI), and household products company Homeco Victoria Makmur (LIVE).
IDX Transaction Supervision Division Head Yulianto Aji Sadono said the measure was intended as a cooling-off period to safeguard investors.
“The temporary suspension allows investors time to carefully consider their decisions based on available information,” Yulianto said in an official statement on Monday.
At the same time, the bourse lifted suspensions on four other stocks: building materials company Multi Makmur Lemindo (PIPA), property developer Citra Putra Realty (CLAY), printing and publishing firm Berkah Prima Perkasa (BLUE), and coal miner Dwi Guna Laksana (DWGL), allowing them to resume trading on both the regular and cash markets.
Overseas, Wall Street capped another record-setting week on Friday. The S&P 500 gained 0.5 percent to 6,664.36, marking its sixth winning week out of the last seven. The Dow Jones Industrial Average climbed 172 points, or 0.4 percent, to 46,315.27, while the Nasdaq composite advanced 0.7 percent to 22,631.48.
Asian markets showed mixed openings on Monday. Japan’s Nikkei started at 45,153, moving between 45,193 and 45,705. The Shanghai Composite opened at 3,822, trading in the 3,810–3,825 range. Meanwhile, Hong Kong’s Hang Seng Index (HSI) opened lower at 26,459, with a range of 26,343–26,479.
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