IDX Lifts Suspension on Agro Bahari (UDNG), Analyst's Advice
JAKARTA, KOMPAS.com - Retail investors are advised to once again pay attention to shares of PT Agro Bahari Nusantara Tbk (UDNG), following the Indonesia Stock Exchange (IDX) lifting the suspension on trading for one session on Friday (17/4/2026).
Behind the lifting of the UDNG share suspension, analysts warn of significant risks, particularly related to low liquidity and high volatility.
“Based on the Exchange’s assessment, it is hereby announced that the suspension on trading of shares of PT Agro Bahari Nusantara Tbk (UDNG) in the regular market and cash market is lifted starting from session I on 17 April 2026,” stated IDX management.
The policy was taken to protect investors.
Senior Investment Specialist at Mirae Asset Sekuritas, Nafan Aji Gusta, noted that UDNG shares had previously experienced a quite significant price decline, so selling pressure in the market could still continue.
This condition is inseparable from the previous suspension history, which illustrates significant selling pressure from market participants.
“Regarding UDNG, it has experienced a price decline, of course the pressure could still be wide open. This is related to the previous suspension, so there has been extraordinary selling pressure,” said Nafan when contacted by Kompas.com on Friday.
The shares are also considered illiquid, so investors need to be more careful when making decisions.
After a relatively long suspension period, the level of uncertainty has increased because there is no certainty whether the balance between supply and demand has truly recovered.
In such a situation, Nafan suggests that retail investors prioritise liquidity and discipline in risk management.
“This share is not liquid, be careful. Be careful if I may say. Especially since the suspension was quite long, so the risk of uncertainty can increase. For investors, it’s best to go for liquid shares, this one (UDNG) was previously suspended,” he explained.
Nafan assesses that the potential for high volatility in UDNG shares remains very open.
According to him, the price increase in UDNG does not reflect market strength due to low liquidity.
For information, UDNG shares surged to the level of Rp 825 at the close of trading on Friday.