Jakarta, CNBC Indonesia – Indonesia Stock Exchange (IDX) decided to reopen PT MD Pictures Tbk (FILM) which has been discontinued since August 23, 2018. These shares will again be able to be traded on September 13 tomorrow.
The suspension of these shares is the second time these shares have been suspended from trading by the stock exchange. Previously, at 1August 5 IDX also suspends in order to cool down to provide adequate time for market participants to consider information on controlled companies Manoj Punjabi that.
At that time the stock price FILM has continued the rally since it was first traded on the IDX on August 7 2018. It is recorded that the share price has risen 623.81% to a price level of IDR 1,520/share from IDR 210/share.
Previously, IDX Director of Corporate Valuation IGD N Yetna Setia said the suspension that was imposed on the company was still related to the share price FILM which has been moving fast lately.
“In this case, the upper limit has already been registered. So this suspension is for protection for investors because in general the fundamentals move within the parameters of a certain period,” he said on the IDX, Thursday (23/8/).
Through the IDX, his party continues to record and carry out a suspension mechanism for the company’s shares to provide protection for investors.
Responding to the condition of the shares, MD Pictures Main Director Manoj Punjabi said the increase in the share price of the company he built was because investors felt close and wanted to own the company. In addition, this company is the first film producer to take the floor on the capital market.
“So there are many people who want to own MD shares because this is the first stock to be IPO, so they are there emotional attachment,” Manoj told CNBC Indonesia some time ago.
As an illustration, since the last transaction, the company’s shares are currently priced at IDR 1,545 per share, up 635.71% since the first transaction on the IDX.
JCI Drops 2.65%, FILM Shares In fact Increases 24.59%