JAKARTA - The stock price of PT Citra Putra Realty Tbk (CLAY) has been recorded as rapidly increasing by 413% from an IPO price of Rp 180 per share to Rp 925 per share a week after its listing on the Indonesia Stock Exchange (IDX).
On Friday (25/1), CLAY stock price strengthened by 25%. For each day since its IPO, CLAY stock price always strengthened well above 20%.
For that reason, the IDX has included CLAY stock in the unusual market activity (UMA) category. On Thursday (24/1), the IDX announced that CLAY’s stock price increase was out of the ordinary. (MS)