IDX lifts suspension on FORU, shares rise 5.25% in early session

JAKARTA – PT Fortune Indonesia Tbk (FORU) resumed trading on Thursday (13/3) after PT Bursa Efek Indonesia (IDX) lifted the suspension imposed the previous day (12/3).
In early morning trading, FORU shares rose by 15.25%, or IDR 180, to IDR 1,360 as of 9.21 AM WIB. The shares opened at IDR 1,210, with the highest price reaching IDR 1,425 and the lowest at IDR 1,210 per share.
Previously, the IDX temporarily halted FORU stock transactions due to a significant price drop. The stock had closed down IDR 210 to IDR 1,180 on Tuesday (11/3), with 1.10 million shares traded in 1,068 transactions, amounting to IDR 1.35 billion in value.
Over the past week, FORU shares fell by 28.33%, or IDR 510. The stock also plunged 62.72%, or IDR 2,170 per share, over the last month, and over six months, FORU shares dropped by 70.57%, or IDR 3,105.
The day before the trading suspension (11/3), FORU announced a change in its shareholding structure. Karya Cipta Prima (KCP) holds 11.55% of FORU's 465.22 million shares, while IMR Asia Holding owns 76.81%, down from its previous stake of 77.33%. (LK/ZH)