Jakarta - The Indonesian Stock Exchange (IDX) is currently monitoring the price development of PT Pelangi Indah Canindo Tbk (PICO).

"There has been an unusual increase in PICO's share price compared to the previous period or unusual market activity (UMA)," said IDX Transaction Supervision Division Head Lidia M Panjaitan in Jakarta on Tuesday (9/27).

In connection with the UMA, IDX expects investors to pay attention to the listed company's response to the exchange's confirmation request and to pay close attention to its performance and information disclosure.

In addition, investors should review the company's corporate action plan if the plan has not received approval from the General Meeting of Shareholders (GMS).

"Also consider various possibilities that can arise in the future before making investment decisions," he explained.

According to Lidia, the announcement of UMA does not necessarily indic