JAKARTA. The Indonesia Stock Exchange (IDX) has temporarily suspended the shares of a technology services provider company, PT Envy Technologies Indonesia Tbk (ENVY), starting today (29/1).
The suspension was related to a significant decline in cumulative prices on ENVY shares, which makes cooling down period necessary. IDX announced the suspension in the disclosure of information on Wednesday (29/1).
IDX further explained that the temporary suspension of ENVY shares was carried out on the regular and cash market, to provide sufficient time for market participants to consider thoroughly about their investment in ENVY shares.
IDX recorded that the price of ENVY shares fell by 23.17% in the past week to the level of Rp 378 / share. Throughout this year, the price of ENVY shares had fallen by 58%. (AM/AR)