JAKARTA – Indonesia Stock Exchange (IDX) has temporarily suspended shares transactions of two issuers this morning (10/2).

Yulianto Aji Sadono, Head of Transaction Supervision Division of IDX, claimed that the trading suspension in the regular and cash market is meant to give investors adequate time to make sound investment decision. “There has been a significant increase in cumulative price,” he said.

Two issuers in question are PT Sanurhasta Mitra Tbk (MINA) and PT Suryamas Dutamakmur Tbk (SMDM). Within the first month, MINA saw 64.28% jump in price to IDR 115 from IDR 70 per share. Meanwhile, SMDM reported 168.86% surge, from IDR 530 to IDR 1,425 per share.

Last Friday (7/2), MINA was closed IDR 10 higher to IDR 115. Transaction volume reached 17.40 million, recorded in 182 transactions worth IDR 2 billion.

Meanwhile, SMDM’s shares saw IDR 285 increase in one day to IDR 1,425 at the closing bell. Total transaction volume hit 439,900 shares, recorded in 114 transactions worth IDR 619.72 million. (LK/ZH)