JAKARTA - The Indonesia Stock Exchange (IDX) has temporarily suspended stock transactions of three issuers starting Thursday (6/2) today, following a significant price spike.

According to the IDX disclosure, the suspended stocks in question are PT Multipolar Technology Tbk (MLPT), PT Citra Putra Realty Tbk (CLAY), and PT Suryamas Dutamakmur Tbk (SMDM).

"As a means of cooling down, and as a means of investor protection, IDX needs to temporarily suspend stock trading," said Yulianto Aji Sadono, Head of the IDX Transaction Supervision Division.

On Wednesday (5/2) yesterday, the price of MLPT shares rose 19.95% to IDR 31,375 until the close of trading. The trading volume of MLPT shares was recorded at 358,000 shares, with a transaction value recorded at IDR 11.12 billion.

The price of CLAY recorded an increase of 9.73% to IDR 620 at the close of trading. The volume of shares transacted was recorded at 188,600 shares.

Meanwhile, SMDM's share price rose 24.59% to IDR 1,140 at the close of trading. The volume of shares traded was 1.37 million shares, with a transaction value of IDR 1.57 billion. (LK/ZH)