The Indonesian Stock Exchange Authority (IDX) has reopened the temporary suspension of PT Anabatic Technologies Tbk (ATIC) shares.

"The suspension of trading ATIC shares in the regular market and cash market will be reopened starting from trading session I on June 29, 2021," said IDX Transaction Supervision Division Head Lidia M Panjaitan in Jakarta.

The IDX previously stopped trading (suspension) on ATIC shares triggered by the surge in share prices.
Based on data, ATIC's share price jumped from the level of Rp. 700 at the beginning of this month to Rp. 2,260 on June 22, 2021. ATIC's stock recorded an auto-reject (ARA) for four days before the suspension.

The company previously decided to write off non-productive assets of Rp445 billion to improve asset quality so that in the future, it can operate on a more robust financial basis.