JAKARTA (Yosefardi) – Indonesia Stock Exchange (IDX) has suspended trading in shares of PT Bank of India Indonesia Tbk (BSWD) after surging 129% in the past two weeks.
BSWD, previously Bank Swadesi, rallied from Rp710 on January 2nd, 2014 to Rp1625 on Friday, January 17, 2014.
“The temporary suspension gives market participants time to consider information available in making investment decisions,” IDX argued.
BSWD’s trading volume was relatively thin with less than 4,000 shares traded every day in the past three months.