Here's why IDX suspend INET and RCCC shares
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JAKARTA - The Indonesia Stock Exchange (IDX) has suspended the shares trading PT Sinergi Inti Andalan Prima Tbk (INET) and PT Utama Radar Cahaya Tbk (RCCC) starting Wednesday (12/2).
Yulianto Aji Sadono, Head of the IDX Transaction Monitoring Division, said that INET's share price experienced a significant cumulative price increase. Meanwhile, RCCC's share price experienced a significant cumulative price decline.
‘The temporary suspension is carried out in the Regular Market and Cash Market,’ said Sadono in his official statement on Tuesday (11/2).
At the closing bell yesterday, INET's share price rose 5.7% to IDR 113 per share. The trading volume of INET shares was recorded at 331.86 million shares, with a total transaction value of IDR 38.68 billion. The company's share price has risen 66.17% since January 13, 2025.
Meanwhile, RCCC's share price fell 6.93% to IDR 108 in yesterday's trading. The trading volume of RCCC shares was recorded at 1.06 million, with a total transaction value of IDR 114.88 million. In the past month, RCCC's share price has fallen 64.23%. (LK/KR/LM)