JAKARTA – The Indonesia Stock Exchange (BEI) has temporarily suspended the trading of PT Raharja Energi Cepu Tbk (RATU) and PT Raja Roti Cemerlang Tbk (BRRC) stocks, including BRRC’s Series I warrants (BRRC-W), starting Monday (20/1).

“In relation to significant cumulative price movements, the trading of RATU, BRRC stocks, and Series I BRRC-W warrants has been temporarily halted starting from the first session on January 20, 2025,” according to the information disclosure from BEI, Monday (20/1).

Previously, RATU shares had been temporarily suspended on Thursday (16/1) after experiencing significant price increases, repeatedly reaching the Auto Reject Upper (ARA) limit. After the suspension was lifted on Friday (17/1), the stock surged by 24.71%, from IDR4,330 to IDR5,400 per share.

Meanwhile, BRRC shares have been under BEI’s surveillance after nearly reaching the Auto Reject Lower (ARL) limit for a week. BRRC shares debuted on BEI on 9 January 2025, with an offering price of IDR210 per share. However, the stock has since dropped sharply by 71.37%, now priced at IDR75 per share.

BRRC’s Series I warrants (BRRC-W) have even fallen by 78.95%, to IDR8. On its first listing day, BRRC shares opened at IDR262 per share, a 24.76% increase from the offering price. However, the announcement of Unusual Market Activity (UMA) led the stock to continue weakening, reaching IDR75 by Friday (17/1). (DK/ZH)