JAKARTA - The Indonesia Stock Exchange (IDX) is monitoring the share price of PT Humpuss Intermoda Transportasi Tbk (HITS) due to unusual market activity (UMA).

Yulianto Aji Sadono, Head of the Transaction Monitoring Division of the IDX, said that there had been an unusual decline in the price of HITS shares.

"The announcement of UMA does not necessarily indicate a violation of the laws and regulations in the capital market," he said in an information disclosure on Wednesday (26/3).

According to him, the IDX is currently watching the development of HITS stock transaction trend. Investors are advised to pay attention to a number of things, namely, the issuer's response to the stock exchange's confirmation request, as well as company performance and information disclosure.

In addition, they are expected to review HITS's corporate action plan if said plan has not received GMS approval, and consider various possibilities that will arise in the future before investing. 

The issuer's shares fell Rp60 to Rp116 at the close of trading yesterday (25/3). The highest price reached Rp236 and the lowest Rp116 per share. Trading volume was recorded at 16 million shares in 2,677 transactions worth IDR 2.59 billion.

During the week, the company's shares fell 62.34% or Rp192, and 61.33% or Rp184 in the past month. (LK/LM/ZH)