JAKARTA – The Indonesia Stock Exchange (IDX) has temporarily suspended the trading of shares in PT Indointernet Tbk (EDGE) as of Wednesday (26/2), following a sharp cumulative price surge.

Danny Yuskar Wibowo, Acting Head of the IDX Transaction Supervision Division, announced the suspension of EDGE shares in both the regular and cash markets.

"This is to provide sufficient time for market participants to make informed investment decisions regarding EDGE shares," he said in a disclosure on Wednesday (26/2).

Over the past five trading days, EDGE shares skyrocketed by 30.10%, climbing to IDR 6,700 per share from IDR 5,150 per share. However, the surge in share price began on 20 February, while the stock recording a monthly rise of 74.48%, or IDR 2,860 per share.

In its response to IDX, EDGE stated that the company is unaware of any material facts that could affect its share price. (LK/ZH)