JAKARTA - PT Bursa Efek Indonesia (BEI) lifted temporary suspension on stock trading of PT Raharja Energi Cepu Tbk (RATU) this morning (22/1). It began its debut on the stock exchange earlier this month by issuing 543.01 million shares.

At 11 AM WIB, RATU jumped 9.72% to IDR 5,925 from IDR 5,400 recorded at 9 AM WIB.

Prior to this, IDX temporarily halted stock transaction for one day is related to RATU’s recent activities. Since the listing last week (8/1), RATU’s share price has skyrocketed 312.89%, from IDR 1,435 to IDR 5,925 per share.

However, if we are calculating base from its IPO price of IDR 1,150 per share, the price surge has reached 415%. (LK/ZH)