JAKARTA – The trading of PT Multipolar Technology Tbk (MLPT) shares has been temporarily suspended on all markets of the Indonesia Stock Exchange (IDX) today, Wednesday (19/2/2025).

"All relevant parties are advised to consistently monitor the company's disclosures," said Yulianto Aji Sadono, Head of IDX Transaction Supervision Division, in a statement on Tuesday (18/2).

The suspension takes effect from the first session of trading on 19 February 2025, until further notice from the exchange. This decision was made to allow authorities and investors time to analyse the dynamics of MLPT shares, which have experienced a significant surge.

For context, on the last day of trading before the suspension, Tuesday (18/2), MLPT shares closed up 19.98%, gaining 6,375 points to reach IDR 38,275 per share.

Compared to the price at the start of the month, Monday (3/2), which was IDR 21,800 per share, MLPT shares have surged approximately 75.5% in just two weeks. (EF/ZH)