JAKARTA – The Indonesia Stock Exchange (IDX) has temporarily suspended trading of PT Tira Austenite Tbk (TIRA) shares starting from the first session on Tuesday (11/2).

Yulianto Aji Sadono, Head of IDX's Transaction Monitoring Division, stated that the suspension is part of a cooling down measure to protect investors. "This is due to the significant cumulative price increase of TIRA shares," he said in a statement.

Yesterday (10/2), the company's share price closed at IDR 875, up by IDR 50 from the previous close of IDR 825 per share. Compared to the closing price at the start of the year (2/1), which was IDR 418, TIRA shares have surged by 109.33% year-to-date (ytd).

The IDX has applied the suspension in both the Regular and Cash Markets to provide investors with time to carefully consider their investment decisions. (LK/ZH)