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Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) has finally reopened the suspension of trading in shares of production house issuers PT MD Pictures Tbk (FILM) and issuer startups technology PT Kioson Commercial Indonesia Tbk. (STALL) starting this Thursday (21/1/2021) after it was temporarily suspended last Wednesday.
“Referring to the Stock Exchange Announcement No: Peng-SPT-0012/BEI.WAS/01-2021 dated January 19, 2021, regarding the Temporary Suspension of Trading (Suspension) of MD Pictures Shares, it is hereby announced that the suspension of FILM’s stock trading in the Regular Market and the Cash will reopen starting trading session I on 21 January 2021,” wrote the IDX, Thursday (21/1).
The same announcement also applies to KIOSKS. On last Wednesday, the trading of the shares of both of them was ‘locked’ alias temporarily suspended (suspension).
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In its announcement, IDX management explained that this suspension was due to a significant increase in the cumulative price of KIOSKS shares, so there was a need for cooling down.
“IDX deems it necessary to temporarily suspend trading of KIOS shares, on trade on January 20, 2021.”
The temporary suspension of KIOS stock trading is carried out at the Regular Market and Cash Market, with the aim of providing adequate time for market players to consider carefully based on the information available in making any investment decisions on KIOS shares.
“Stakeholders are expected to always pay attention to the disclosure of information submitted by the Company.”
Apart from that, the same reason was also applied to FILM shares.
IDX data noted that KIOS shares had skyrocketed 141% in the last week and also flew 292% in a month, while FILM shares, owned by film entrepreneur Manoj Punjabi, also skyrocketed 61% in a week and rose 67% in a month.
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