IDX Locks Trading of Magran Living (MGLV) and PTDU Shares

The Indonesia Stock Exchange (IDX) has decided to temporarily “lock” or suspend trading of two stocks: PT Panca Anugerah Wisesa Tbk (MGLV) and PT Djasa Ubersakti Tbk (PTDU). MGLV, an issuer of luxury household products under the Magran Living brand, has been suspended since Session I on 25 March 2026 due to significant cumulative price increases. The stock last traded at IDR 4,700 per share, having surged 15.20% in the past month. Year-to-date (YTD), the stock has risen 113.64%. “The exchange urges interested parties to always pay attention to the disclosures provided by the company,” IDX stated in its announcement, quoted on Wednesday (25/3/2026). Meanwhile, PTDU has been suspended for failing to submit a Disclosure of Information in response to the exchange’s request for explanation on 9 March 2026. Additionally, there are indications of uncertainty regarding the construction issuer’s business continuity. “Therefore, the exchange decides to temporarily halt trading of PT Djasa Ubersakti Tbk securities across all markets starting from Session 1 Periodic Call Auction on 17 March 2026, until further announcement from the exchange,” IDX stated in its announcement. IDX explained that PTDU submitted a letter on 19 January 2026 regarding the cancellation of an Extraordinary General Meeting of Shareholders. Subsequently, the exchange issued a letter dated 18 February 2026 regarding sanctions for suspension of securities due to delayed payment of 2026 annual listing fees. Furthermore, IDX issued a letter dated 5 March 2026 regarding the request for explanation submitted by the exchange on 9 March 2026. This suspension of PTDU also refers to Exchange Regulation No. I-L on Securities Suspension. Prior to the “lock”, PTDU was priced at IDR 70 per share since 13 February 2026. Year-to-date, the stock has declined 38.05%.