JAKARTA. The authorities of Indonesia Stock Exchange (IDX) is closely monitoring PT Ricky Putra Globalindo Tbk (RICY) and PT Harta Djaja Karya Tbk (MEJA) following their unusual market activities (UMA).

According to IDNFinancials data, RICY is a manufacturer of clothes and luxury goods listed on the board since 1997. At yesterday's (16/7) closing bell, RICY's price skyrocketed 100% to IDR 100 per share within less than one week, whereas a month prior, RICY had been stagnant at IDR 50 per share.

Meanwhile, MEJA is a manufacturer of furniture, freshly debuted in February 2024. However, within the past month, MEJA's price soared 71 points or 52.59% to IDR 206, as seen at 10.37 AM WIB at today's (17/7) session. At its IPO, MEJA offered its shares for IDR 103 each.

"UMA does not necessarily reflect any violation towards laws and regulations of the stock market," clarified IDX in the official statement.

However, the stock market authorities urge investors to pay attention to several vital information, including the responses towards IDX's inquiries for confirmation, and consider numerous possibilities arise from making any investment decision. (KR/ZH)