JAKARTA. The Indonesia Stock Exchange (IDX) will revoke the suspension of PT Pelat Timah Nusantara Tbk (NIKL) shares. which was suspended on Friday (13/12) due to a significant decline in its cumulative price.
"(The trading of) NIKL shares in the regular market and cash market is reopened, starting from the first trading session on 16 December 2019" explained BEI in its announcement.
Previously, NIKL shares were included in the Unusual Market Activity (UMA) category since 9 December. In trading on Thursday (12/12), NIKL's share price plummeted by 7.92% to Rp 302, its lowest level in the last 3 years.
For information, NIKL generated US$ 123.79 million in revenue during the period of January-September (9M) 2019. In this period, the company was also still able to make a profit of US$ 1.84 million. (KR/AR)