JAKARTA – Indonesia Stock Exchange (IDX) has suspended the trading of shares in PT Fortune Indonesia Tbk (FORU), PT Aesler Grup Internasional Tbk (RONY), PT Agro Bahari Nusantara Tbk (UDNG), following their inclusion on the Unusual Market Activity (UMA) radar on Thursday (27/2).

The IDX took this action due to significant stock price movements. FORU’s stock price plunged by 23.75% over the past week.

Meanwhile, RONY and UDNG experienced substantial stock price increases of 81.21% and 20.21%, respectively, over the last week.

Yulianto Aji Sadono, Head of Transaction Supervision Division at IDX, stated that this suspension is intended to give investors time to thoroughly analyse market conditions.

“The exchange urges all stakeholders to always pay attention to the disclosures made by the companies,” Yulianto added in his statement on Tuesday (25/3).

The suspension of FORU, RONY, and UDNG shares is effective in the regular and cash markets on March 25, 2025. Meanwhile, at the same time, the IDX has reopened trading in PT Jantra Grupo Indonesia Tbk (KAQI), which was suspended yesterday.

During the first trading session on Tuesday (25/3), KAQI's share price remained at IDR 50 per share as of 11.29 AM WIB, stagnant at the opening price. (EF/KR/ZH)