JAKARTA (Yosefardi) – The Indonesia Stock Exchange (IDX) halted trading activity of state securities firm PT Danareksa Sekuritas for being involved in repurchase agreement (repo) transaction in shares of coal miner PT Sekawan Intipratama (SIAP).
Other than Danareksa, IDX also suspended trading activities of PT Reliance Securities and PT Millenium Danatama Sekuritas which also involved in the said transaction valuing of around Rp400 billion.
IDX has halted trading in SIAP shares on Monday (Nov. 9) due to significant drop in prices (-64.68%) during October 16 to November 6, 2015 but said 3 securities firms made a repo transaction in negotiated market.