JAKARTA - The Indonesia Stock Exchange (IDX) has included the shares of PT Smartfren Telelcom Tbk (FREN) in the unusual market activity (UMA) category due to irregular price increases.
Year to date, FREN stock price has soared by 189.74%. In the first session of Monday’s (11/2) trading, FREN stock price rose 6.6% to Rp 226 per share.
“In regards to the inclusion of FREN shares in the UMA category, the IDX is currently monitoring the stock’s transaction pattern development,” the IDX wrote in an official statement.
The IDX has also asked investors to monitor FREN’s response towards the IDX’s request for confirmation and the company’s information disclosure. Investors have also been asked to review any corporate action plan if no AGM approval has been obtained. (MS)