JAKARTA (Yosefardi) – Investors aggressively buying shares of PT Multipolar Tbk (MLPL) this morning, lifting the stock by 5.88% to Rp630 per share at 9.44 am Jakarta time.
Over 21.67 million shares were traded so far. MLPL had gained 38% since early this month, and jumped 73.6% year to date.
Trading in MLPL is considered very volatile, prompting the Indonesian Stock Exchange (IDX) to seek explanation from the management of Multipolar.
In a writter letter to IDX on April 4, 2014, Multipolar explained it has no material information and no planned corporate actions which have affected to trading in MLPL shares.