Ampun Bank Jago! Its Shares Continue To Skyrocket Until The IDX Is 'glared At'

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Jago Tbk is under the supervision of the Indonesia Stock Exchange (IDX). This is because the stock price of the company codenamed ARTO has been moving wildly in recent times.

In the past week alone, Bank Jago's share price has continued to increase. Quoting RTI's data, last week the share price was at RIDR 7,900, and in yesterday's trade, Monday, February 22 it had passed IDR 10,900.

Today, Tuesday, February 23 at the close of trading session I, Bank Jago shares fell 6.88 percent to the position of IDR 10,150. This morning ARTO shares opened at the level of IDR 10,925.

The trading volume in the closing session of I reached 11.61 million shares and a transaction value of IDR 119.68 billion. The frequency was recorded at 8,183 with a market capitalization of IDR 110.46 trillion

The IDX yesterday also published the announcement of Unusual Market Activity (UMA) for Jago Bank. In a letter signed by the Head of Transaction Supervision Division, Lidia M Panjaitan said that there had been an unusual increase in the share price of Bank Arto.

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

Furthermore, with the occurrence of UMA on Bank Jago's shares, the IDX is monitoring the development of this stock transaction pattern. Investors are expected to pay attention to the answers of listed companies to the exchange confirmation requests. Then look at the performance of listed companies and the disclosure of information.

"Then review the corporate action plan of the listed company if the plan has not been approved by the GMS. Next, consider various possibilities that may arise at a later date before making investment decisions", added the IDX statement.