JAKARTA (Yosefardi) – The Indonesia Stock Exchange (IDX) has this morning resumed trading in shares of PT Inovisi Infracom Tbk (INVS). The stock gained 11.43% to Rp156 per share at 9.57 am Jakarta time.
Trading in Inovisi was halted yesterday (Monday) due to its substantial price drop.
The halt aims to cooling down the market as the stock has fallen 70.83% to Rp140 per share at January 2, 2015, from Rp480 in December 15, 2014.
Bisnis Indonesia reported this morning that Inovisi rank2 5th among ten technology companies in emerging market with best growth during 2014.
Other 9 companies are China’s companies such as Digital China Information Service (ranks 1th), Chengdu Unionfriend Network (2nd), Herbin Electric-Corp Jiamusi Electric Machine (3rd), and YY (4th).
Inovisi posted 142% growth in revenue last year with market capitalization of US$1.25 billion and year-to-date raturn of 7.8%.