JAKARTA – Indonesia Stock Exchange (IDX) authorities are closely monitoring PT Petrindo Jaya Kreasi Tbk (CUAN) and PT Tanah Laut Tbk (INDX) after being spotted with Unusual Market Activity (UMA).

CUAN and INDX are listed under UMA following sudden and atypical price jump in stock prices, as stated by IDX.

“UMA does not necessarily indicate violations against regulations in stock exchange field,” clarified IDX.

According to IDNFinancials data, CUAN was closed at IDR 13,800 per share yesterday (8/1). This Prajogo Pangestu’s stock soared 12.19% compared to IDR 12,300 seen last Tuesday (7/1).

Meanwhile, INDX was also spotted with 17.43% jump in price to IDR 128. Previously, this port and logistics service company recorded price level at IDR 109, Tuesday (7/1),

With CUAN and INDX under the UMA list, IDX authorities wish investors to note several important things before making an investment decision, including paying attention to the performance, reviewing corporate action, and observing responses from both issuers. (KR/ZH)