JAKARTA – The Indonesia Stock Exchange (IDX) has suspended trading in PT Golden Flower Tbk (POLU) shares starting from the opening session on Thursday (20/2).

Yulianto Aji Sadono, Head of Transaction Supervision Division at IDX, stated that there had been a significant cumulative increase in POLU’s share price. “IDX considers it necessary to temporarily halt share trading as a cooling-down measure,” he said, quoted on Thursday (20/2).

According to him, the suspension of POLU shares applies to both the regular and cash markets to provide investors time to assess available information and make informed investment decisions.

Yesterday (19/2), POLU shares strengthened by IDR 690 to IDR 3,460 at the close of trading. Over the past week, the company’s share price has risen by 57.27% or IDR 1,260 from IDR 1,200 per share. (LK/ZH)