JAKARTA (Yosefardi) – The Indonesia Stock Exchange (IDX) today halted trading in shares of coal miner PT Sekawan Intipratama (SIAP) due to the significant drop in price.
IDX’s chairman Tito Sulistio told reported that trading in SIAP is specious, then its trading was suspended.
SIAP has lost 46.81% to Rp125 per share in October 30, 2015, from Rp235 in October 16, 2015.
Other than, IDX also halted trading in shares of PT Golden Eagle Energy Tbk (SMMT), PT Intan Baruprana Finance Tbk (IBFN), and PT Siwani Makmur Tbk (SIMA). SIMA was halted as the company has not fully run its operation.
While SMMT and IBFN were halted due to their significant drop in prices. SMMT has fallen 56.46% to Rp344 per share and IBFN has lost 54.54% to Rp150 per share.