Jakarta - The Indonesia Stock Exchange authority has suspended trading in PT Bank Neo Commerce Tbk (BBYB) and PT Indosterling Technomedia Tbk (TECH) shares.

The Head of IDX Transaction Supervision Division, Lidia M Panjaitan, said the suspension was carried out due to the significant cumulative price increase in BBYB and TECH shares.

"In the context of cooling down," she stated in Jakarta, "IDX feels it necessary to temporarily suspend trading of BBYB and TECH shares in the regular and cash markets starting from the first trading session on August 25, 2021 until further stock exchange announcements are made."

The suspensions were intended to provide market participants enough time to carefully assess each of their investment decisions in BBYB and TECH shares based on the information available.

"The stock exchange encourages all interested parties to pay close attention to the disclosure of information filed by the comp