Being Watched IDX, Bank Shares Owned By Conglomerate Anthony Salim Soared 7.22 Percent Today

JAKARTA - PT Bank Ina Perdana Tbk (BINA) is currently being monitored by the Indonesia Stock Exchange (IDX). This is because the stock price movements of BUKU II banks (banks with core capital below IDR 5 trillion) are moving wildly out of the ordinary (Unusual Market Activity/UMA).

The small bank, which is controlled by the boss of Indofood, conglomerate Anthony Salim, has indeed been on a significant upward trend in the last few days. In the first trading session today, Thursday 24 June, BINA's shares closed up 4.17 percent to a price of IDR 5,125 per share.

And at the close of trading, BINA's shares shot up. BINA's price ended at Rp5,275 per share or rose 7.22 percent.

The increase in BINA today continues the appreciation that has occurred for 10 consecutive days which has catapulted BINA from a price of IDR 1,830 per share

Not only in the last 2 weeks, in 3 months BINA's shares have also flown 292 percent and have risen 642 percent since the beginning of the year. As a result, IDX was forced to grant UMA status to Bank Ina Perdana.

BINA shares shot up after the approval of a rights issue corporate action in the near future where Anthony Salim has the opportunity to increase his share of ownership in BINA.

"The UMA announcement does not necessarily indicate a violation of the laws and regulations in the Capital Market sector", explained the IDX.

Regarding the unusual increase in BINA's stock price, the Exchange is currently observing the development of transaction patterns and warning investors to keep a close watch on the performance of the Listed Company and its information disclosure as well as reviewing the corporate action plans of the Listed Company.