Jakarta. The Indonesia Stock Exchange (IDX) suspended trading in seven listed companies starting from the first session on Friday, following sharp cumulative price increases.

The affected stocks span various industries. Guna Timur Raya (TRUK) operates in transportation and logistics, while Citra Putra Realty (CLAY) focuses on hospitality and property. Multipolar Technology (MLPT) provides IT solutions, and Sentra Food Indonesia (FOOD) is engaged in food and beverages. Maha Properti Indonesia (MPRO) develops real estate, Berkah Prima Perkasa (BLUE) deals in wholesale and printing supplies, and Dwi Guna Laksana (DWGL) runs coal mining for power and energy needs.

IDX’s Head of Trading Supervision, Yulianto Aji Sadono, said the move was aimed at cooling down the market and protecting investors. “The temporary suspension gives investors time to carefully consider all available information before making investment decisions,” Yulianto said in an official disclosure on Friday. He also urged stakeholders to pay close attention to companies’ information transparency.

Alongside the suspensions, the bourse lifted trading halts on three other stocks, all from the logistics sector. MPX Logistics International (MPXL) operates in transportation and logistics while also supplying construction materials such as cement and fly ash. Logisticsplus International (LOPI) specializes in freight forwarding and logistics management, including domestic and international deliveries, warehousing, and distribution. Krida Jaringan Nusantara (KJEN) provides courier services, handling packages, documents, and relocation needs.

According to Yulianto, the reopening of the three stocks means investors can resume trading in both the regular and cash markets starting from Friday’s first session.

Add as a preferred source on Google +