The Indonesian Stock Exchange Authority (IDX) has temporarily suspended the trading in PT MNC Studios International Tbk (MSIN) shares due to a significant cumulative price increase.

The Head of the IDX Transaction Supervision Division, Lidia M Panjaitan, said that to cool down, the IDX deemed it necessary to temporarily suspend trading of MSIN shares on July 5, 2021 trading.

"The suspension of MSIN's shares is carried out in the regular and cash markets," he said in Jakarta, Monday (5/7).

This step aims to provide sufficient time for market participants to carefully consider the information available in every investment decision-making in MSIN shares.

Interested parties are expected to always pay attention to the disclosure of information submitted by the company.

Based on the data, MSIN's shares have jumped from Rp157 on June 24 to Rp404 at the close of trading last weekend.