JAKARTA – Indonesia Stock Exchange (IDX) has suspended the trading of PT Fortune Indonesia Tbk (FORU) shares starting today, Wednesday, March 12, 2025.

This decision was made due to a significant cumulative price drop since the beginning of the year.

The media and printing company has experienced a sharp decline throughout 2025. As of the close of trading on Tuesday (11/3), FORU’s share price fell by 15.11% to IDR 1,180. Compared to the price at the end of 2024, FORU shares have plummeted by 68.45%.

“The suspension applies to trading in both the Regular and Cash Markets from the first session on March 12, 2025 until further notice from the IDX,” said Yulianto Aji Sadono, Head of Transaction Supervision at IDX, in a disclosure on Wednesday (12/3).

This suspension is intended to provide investors with time to reassess their investments in this stock and to maintain orderly, fair, and efficient trading, he added.

Several factors that could lead to a stock suspension include unreasonable price volatility, unusual market activity (UMA), errors or delays in financial reporting, and discrepancies between corporate action announcements and actual events.

“Additionally, indications of price manipulation (such as insider trading or 'pump and dump' schemes) can also be reasons for a suspension,” he explained. (DK/ZH)