JAKARTA (Yosefardi) – Shares of PT Inovisi Infracom Tbk (INVS) dropped 10% to Rp730 per share this morning trade, after the stock substantially gained since June this year.
Inovisi listed at stock exchange in June 22, 2009, offered 320 million shares to public at price of Rp125 per share.
The Indonesia Stock Exchange (IDX) said on Thursday (Sep 5) it is monitoring transaction on INVS shares as its price movement is considered as not a common movement.
IDX had demanded confirmation or explanation to the company about the stock price movement. “The stock price has declined but its transaction activity was unusual,” IDX said.