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Jakarta, CNBC Indonesia – Issuer’s shares startups technology PT Kioson Commercial Indonesia Tbk. (KIOS) and the issuer of the production house PT MD Pictures Tbk (FILM) were both ‘padlocked’ alias trading suspended (suspension) by the Indonesia Stock Exchange (IDX) starting this Wednesday (20/1).
IDX management in its announcement 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.”
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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.
At the same time, the IDX opened a trading suspension for the shares of PT DCI Indonesia Tbk. (DCII), after being suspended the day before because its price moved up significantly.
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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