JAKARTA. Indonesia Stock Exchange (IDX) authorities have suspended PT Bank JTrust Indonesia Tbk (BCIC) and PT Jakarta Setiabudi Internasional Tbk (JSPT) due to significant and rapid surge in stock prices.

Yulianto Aji Sadono, Head of IDX Transaction Supervisory Division, said that the suspension of BCIC and JSPT is meant as investor protection. Suspension took place in the regular and cash market, starting from today’s (10/10) morning session until further notice.

In addition, Sadono said that the suspension is intended to provide more time to for stock market players to reconsider their investment based on currently existing information.

Based on IDNFinancials data, BCIC’s stock price has soared 87.5% or 91 points to IDR 195 per share, as of 9 AM WIB today, within the past 30 trading days. Then, JSPT also reported 96.65% surge or 1,730 points to IDR 3,520 within the same timeframe. (KR/ZH)