JAKARTA – Indonesia Stock Exchange (IDX) has temporarily suspended trading of shares for three issuers on Thursday (27/2) due to cumulative price increases.

According to IDX data, the three issuers are PT Batulicin Nusantara Maritim Tbk (BESS), PT DCI Indoensia Tbk (DCII), and PT Adiwarna Anugerah Abadi Tbk (NAIK).

Yulianto Aji Sadono, Head of Transaction Monitoring Division at IDX, stated that the suspension was implemented to protect investors. “The suspension in the regular and cash markets starts from the first trading session until further notice from the exchange,” he said on Thursday (27/2).

On Wednesday (26/2), BESS shares closed up IDR 95 to IDR 880 per share. Over the last five trading days, the issuer’s shares surged 47.90%, or IDR 285 per share.

DCII shares rose by IDR 19,350 to IDR 116,125 at the close of trading. In the past five days, the issuer’s share price increased by 56.93%, or IDR 42,125 per share.

Meanwhile, NAIK shares climbed by IDR 99 to IDR 505 per share. The issuer’s stock price jumped by 28.17%, or IDR 111, in the last five trading days in the capital market. (LK/ZH)