JAKARTA – The Indonesia Stock Exchange (IDX) temporarily suspended the trading of shares in three issuers, namely PT Tira Austenite Tbk (TIRA), PT Golden Flower Tbk (POLU), and PT Remala Abadi Tbk (DATA) on Monday (24/2).

These three issuers were suspended by the IDX due to unusual price movements.

"This suspension is intended to protect investors and give the market time to make informed investment decisions," the IDX stated in its announcement on Monday (24/2).

According to the stock market board, TIRA's shares rose by 127.82% in the last month, reaching IDR 1,025 per share from IDR 450 on 24 January 2025. The price also surged 169.74% in the past six months, from IDR 380 to IDR 1,025 per share.

In addition, the IDX also halted trading of POLU shares, which had increased by 36.77% in one month, from IDR 1,550 to IDR 2,120. Over the past six months, POLU's shares jumped 364.52% from IDR 2,530 to IDR 4,320 per share.

Finally, DATA was suspended after its shares rose by 36.77% in one month, from IDR 1,550 to IDR 2,120 per share. Over the past six months, DATA's share price increased dramatically by 347.26%, from IDR 474 to IDR 2,120 per share. (DK/ZH)