JAKARTA – Indonesia Stock Exchange (IDX) is monitoring the movement of PT Mulia Industrindo Tbk (MLIA) shares due to unusual market activity (UMA) in stock transactions.

Yulianto Aji Sadono, Head of BEI’s Transaction Supervision Division, announced the UMA for MLIA shares as a measure to protect investors. "The UMA announcement does not automatically indicate any violations of capital market regulations," he stated in a disclosure on Friday (21/3).

MLIA shares fell by 1.33%, or IDR 4, to IDR 296 during Friday’s session I at 11.17 AM WIB. The stock opened at IDR 300, which was also the highest price by the time of this report, with the lowest at IDR 296 per share.

Yesterday (20/3), the stock closed at IDR 300, with a trading volume of 2.63 million shares across 102 transactions, valued at IDR 793.74 million.

Over the past week, the share price dropped by 2.65%, or IDR 8, and over the past month, it corrected by 3.29%, or IDR 10, with a 17.88% decline, or IDR 64 per share, in the past six months.

He mentioned that the capital market authority is closely observing the transaction patterns of MLIA shares. Investors are urged to review MLIA’s response to the stock exchange’s request for confirmation, along with the company’s performance and disclosure information.

Additionally, investors are advised to carefully assess the company’s corporate action plans, particularly those that have not yet received shareholder approval, and to consider potential future outcomes before investing.

BEI had previously informed investors about the UMA for MLIA shares on 20 May 2024. (LK/ZH)