JAKARTA – Shares of PT Grand House Mulia Tbk (HOMI) rose by 6.45% after the Indonesia Stock Exchange (IDX) lifted the suspension on its stock transactions during the second trading session on Wednesday afternoon (19/2).

By late afternoon, the company’s share price had increased by IDR 8 to reach IDR 318 at 15:09 WIB, slightly easing from the early second-session peak of IDR 346 per share at 14:10 WIB.

Teuku Fahmi Ariandar, Head of the IDX’s Listed Companies Regulation and Services Division, announced that the exchange had lifted the suspension of trading in the regular and cash markets for HOMI in the second session. "This decision follows the fulfilment of all obligations that led to the stock suspension," he said in a statement on Wednesday (19/2).

Earlier this week (17/2), the IDX had suspended HOMI’s stock due to the company’s failure to pay its 2025 annual listing fees by the 15 February deadline. In total, 60 issuers had missed this deadline.

The number of companies with unpaid fees has since decreased, as several issuers have settled their financial obligations with the IDX.

Last week (14/2), HOMI shares had fallen by IDR 2 to close at IDR 310 at the end of trading. (LK)