JAKARTA – The Indonesia Stock Exchange (IDX) will lift the suspension on PT Tira Austenite Tbk (TIRA) shares starting Friday (14/3). The suspension was imposed by the capital market authority due to price volatility three weeks ago (24/2).

In an official disclosure on Thursday (13/3), Yulianto Aji Sadono, Head of IDX Transaction Supervision Division, stated that the suspension of TIRA shares in the regular and cash markets would be lifted starting from the first trading session.

The temporary suspension of this issuer's shares was announced on February 21, effective from the following week (24/2). Before the suspension, TIRA shares had been trending upward significantly.

TIRA shares closed up by 17.82% or IDR 155 to IDR 1,025 on February 21, with a low of IDR 870 and a high of IDR 890. The share volume traded reached 677,300 shares in 413 transactions worth IDR 663.52 million.

Previously, TIRA denied any intervention related to price volatility in the capital market. "The company is unaware of any material information or facts that could affect the value of its securities or investors' decisions," said Soeseno Adi, Corporate Secretary of TIRA. (LK/ZH)