The Indonesian Stock Exchange (IDX) has temporarily suspended trading in shares of PT Multipolar Technology Tbk (MLPT) starting the first session today, Monday (14/6) due to the spike in stock prices in the last few days.

Head of IDX Transaction Supervision Division Lidia M Panjaitan and PH Head of IDX Trading Operations & Regulations Division Martin Satria D Bako said the temporary suspension of MLPT stock trading was carried out on the regular and cash markets with the aim of providing adequate time for market participants to consider their investments.

"Stakeholders are expected to always consider the disclosure of information submitted by the company," he said in an announcement on the IDX, Monday (14/6).

Based on IDX data, MLPT shares have strengthened throughout the day this month. In fact, in the last five days, MLPT shares experienced an auto-rejection.

MLPT shares have strengthened from the level of Rp 1,430 to Rp 4