Already Raised More Than 100 Percent In The Last Month, Shares Of Indosat And Bukopin 'Observed' By IDX

Photo: Doc. Indosat Ooredoo

JAKARTA - The Indonesia Stock Exchange (IDX) has warned investors about the movement of two listed shares whose movements are considered out of the ordinary. The two issuers are PT Indosat Tbk (ISAT) and PT Bank Bukopin Tbk (BBKP).

In the past month, the shares coded ISAT and BBKP have jumped more than 100 percent. Quoted from the announcement on the IDX's Unusual Market Activity page, ISAT and BBKP shares experienced an unusual price increase.

"In connection with the occurrence of Unusual Market Activity on these shares, we need to convey that the Exchange is currently observing the development of this stock transaction pattern," wrote the IDX in an announcement quoted by VOI, Tuesday, December 22.

He further explained that the IDX urged investors to pay attention to Indosat and Bank Bukopin's answers to the exchange confirmation request. In addition, investors are also advised to pay close attention to the company's performance in any disclosure of information.

Investors are also advised to review the corporate actions of listed companies if they have not received shareholder approval. Finally, the IDX advises investors to consider various possibilities that may arise at a later date before investing.

For information, in the last month, ISAT shares jumped 130.98 percent. This was allegedly due to the strong news that Indosat would merge with Tri Indonesia provider.

Meanwhile, Bank Bukopin's shares jumped 132 percent in the past month. The increase in Bukopin's share price is suspected because the South Korean bank, KB Kookmin Bank, has officially become the controller of the BBKP-coded issuer.