The Indonesia Stock Exchange temporarily suspended trading (suspension) of shares of PT KDB Tifa Finance Tbk (TIFA) and PT Planet Properindo Jaya Tbk (PLAN) on Tuesday (23/3) trading.

The Head of the IDX Transaction Supervision Division, Lidia M Panjaitan explained, the exchange suspended trading in TIFA shares to cool them down due to a significant increase in the cumulative price.

Meanwhile, the IDX suspended trading in Planet Properindo's series I shares and warrants following a significant drop in cumulative prices.

IDX said the suspension of trading in TIFA and PLAN shares throughout the market as the IDX aims of providing sufficient time for market players to carefully consider, based on the information available, in every investment decision making in these shares.

"Interested parties are expected to always pay attention to the disclosure of information conveyed by the company," said Lidia in information disclosure on the Stock Exchange on Tuesday (23/3).