Chronology Of Price Movement Of SUPR Shares Of The Hartono Brothers Conglomerate Until Trading Is Temporarily Stopped By The Exchange

Illustration. (Photo: Doc. Antara)

JAKARTA - Shares of the telecommunication tower company from the Djarum Group belonging to the Hartono Brothers conglomerate, PT Solusi Tunas Pratama Tbk (SUPR) cannot be traded temporarily starting today (Monday, February 21).

According to the announcement of the Indonesia Stock Exchange (IDX), the suspension took place because SUPR's shares experienced a significant cumulative price increase.

Looking at the trading data, SUPR's shares have continued to move up since February 8. Initially, the share price of SUPR only rose 3.45 percent in a three-day trading period from Rp. 16,000 to Rp. 16,550.

But after that, SUPR shares 'crazy' and rose about 20 percent a day for six days in a row. As a result, until February 18, SUPR's shares were at the level of IDR 49,300 or 'flying' up to 218.6 percent from the final position in 2021 of IDR 15,475.

That is also the reason for the suspension of SUPR's shares. Through this step, IDX wants to provide sufficient time for market participants to consider carefully based on the information available in each of their investment decisions in PT Solusi Tunas Pratama Tbk (SUPR) shares.

IDX also asked interested parties to always pay attention to the disclosure of information submitted by the company.

At that time, PT Sarana Menara Nusantara Tbk (TOWR) belonging to the Djarum Group, through their subsidiary, PT Professional Telekomunikasi Indonesia (Protelindo), took over 94.03 percent of SUPR's shares. The value is IDR 16.72 trillion.