JAKARTA – The stock price of PT Batulicin Nusantara Maritim Tbk (BESS) plunged sharply in Monday’s trading session (10/3) after the trading suspension was officially lifted.

BESS shares immediately fell 7.95% to IDR 810 from the pre-suspension price of IDR 880 per share. As of 11 AM WIB, the stock remained at this level.

The decline occurred after the Indonesia Stock Exchange (IDX) reopened trading of BESS shares in the Regular and Cash Markets from the first session today. BESS shares had previously been suspended due to a significant price surge.

BESS shares have been suspended twice in February 2025 due to abnormal cumulative price increases. After being locked for a week, starting from 27 February, the shares are now under the Special Monitoring Board (PPK) with the full periodic call auction (FCA) trading method.

BESS entered the FCA list under criterion number 10, which applies to stocks suspended for more than one trading day due to unusual market activity. (DK/ZH/VA)