Jakarta - The Indonesian Stock Exchange (IDX) has suspended trading shares of PT Pratama Abadi Nusa Industri Tbk (PANI).

The Head of the Transaction Supervision Division, Lidia M Panjaitan, said that the IDX suspended the shares due to a significant increase in the cumulative price of PANI shares.

"In the context of cooling down, IDX considers it necessary to temporarily suspend trading of Pratama Abadi Nusa Industri shares starting from the first trading session on October 19, 2021," she said in Jakarta on Tuesday (19/10).

The temporary suspension of trading in PANI shares is in the regular market and cash market to provide adequate time for market participants to consider carefully based on the information available in every investment decision making in PANI shares.

The IDX expects interested parties to always pay attention to the disclosure of information submitted by the company.