Jakarta - The Indonesia Stock Exchange Authority is observing the pattern of stock transactions of PT TBS Energi Utama Tbk (TOBA) regarding the unusual increase in stock prices (unusual market activity/UMA).

"The UMA announcement does not necessarily indicate a violation of the laws and regulations in the capital market sector," wrote IDX Transaction Supervision Division Head Lidia M Panjaitan in an information disclosure Wednesday (24/11).

In connection with the occurrence of UMA on the trading of TOBA shares, the IDX asks investors to pay attention to the listed companies' answers to the Exchange's confirmation request.

In addition, the Exchange also urges investors to pay close attention to the performance of listed companies and their disclosure of information, as well as to review the company's corporate action plans if they have not obtained the approval of the GMS, and to consider various possibilities that may arise in the future before making investment decisions.