Market Watch: IDX Suspends Four Hot Stocks, Monitors 11 for Unusual Activities
Jakarta. Bursa Efek Indonesia (BEI) is keeping a close watch on 11 listed companies exhibiting unusual market activity (UMA) on Wednesday.
Among the monitored stocks are Pudjiadi Prestige (PUDP), Multi Garam Utama (FOLK), and Bank Permata (BNLI). Others include VKTR Teknologi Mobilitas (VKTR), Petrosea (PTRO), Star Pacific (LPLI), Harta Djaya Karya (MEJA), Sekar Bumi (SKBM), Cilacap Samudera Fishing Industry (ASHA), Buana Lintas Lautan (BULL), and Janu Putra Sejahtera (AYAM).
“UMA announcements do not necessarily indicate violations of capital market regulations,” BEI said in a statement. The exchange is monitoring these stocks after they experienced unusual price movements. Investors are advised to follow company's responses to BEI inquiries and review corporate performance and disclosure carefully before making investment decisions.
In addition, BEI suspended four stocks starting Wednesday’s first trading session due to sharp cumulative price increases: Multisarana Intan Eduka (MSIE, education), Geoprima Solusi (GPSO, technology), Indonesian Tobacco (ITIC, tobacco), and Dana Brata Luhur (TEBE, finance).
- MSIE rose 9.47 percent to Rp 104 on Tuesday, up 205.88 percent in the past month.
- GPSO climbed 24.79 percent to Rp 755, a 143.55 percent monthly gain.
- ITIC surged 24.87 percent to Rp 482, up 123.15 percent in a month.
- TEBE jumped 24.78 percent to Rp 2,820, up 151.79 percent over the last month.
BEI’s Head of Transaction Supervision, Yulianto Aji Sadono, said the suspensions act as a “cooling down” measure to protect investors. “Temporary halts give investors time to consider available information carefully before making investment decisions,” he added.
Meanwhile, BEI also lifted suspensions on four stocks, allowing trading to resume in both regular and cash markets: Hassana Boga Sejahtera (NAYZ, food & beverage), MD Entertainment (FILM, media & entertainment), Cakra Buana Resources Energi (CBRE, energy), and Golden Flower (POLU, consumer goods).
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