JAKARTA - Shares of PT Utama Radar Cahaya Tbk (RCCC) dropped after the Indonesia Stock Exchange (IDX) lifted the suspension on Thursday (13/2).

In the morning session, RCCC’s share price briefly rose to IDR 115 from IDR 108 at the close of trading on Tuesday (11/2). However, the stock weakened, hitting IDR 107 per share at 2.47 PM WIB and further declining to IDR 103 at 10.58 AM WIB.

Yesterday (12/2), IDX imposed a suspension on RCCC shares due to a significant cumulative price drop. The move was made to provide investors with the opportunity to reassess their investment decisions.

Over the past month, the company's share price has fallen by 64.23%, from IDR 302 to IDR 108 per share. (LK/ZH)