IDX Temporarily Halts Trading of Three Stocks at Once, Here's Why
The Indonesia Stock Exchange (IDX) has temporarily suspended (suspension) trading in the shares of PT Multisarana Intan Eduka Tbk (MSIE), PT Sinergi Megah Internusa Tbk (NUSA), and PT Kapuas Prima Coal Tbk (ZINC). The suspensions on these three were implemented for different reasons. This measure is intended as a cooling-down period to protect investors, particularly shareholders of MSIE, NUSA, and ZINC. The suspensions take effect on 5 May 2026 in the regular market and cash market. The purpose is to provide market participants with sufficient time to carefully consider their investment decisions based on available information. “Interested parties are urged to always pay attention to the disclosures provided by the companies,” stated IDX management on Tuesday (5/5/2026). For context, the IDX imposed the suspension on MSIE shares due to a significant cumulative price increase. Meanwhile, the suspension on NUSA shares relates to uncertainty regarding the ongoing business (going concern) of PT Sinergi Megah Internusa Tbk (NUSA). The suspension applies to the negotiation market or all markets. Previously, suspensions had been applied to the regular and cash markets during Periodic Call Auction sessions, effective from Session IV of the Periodic Call Auction trading on Monday, 4 May 2026, until further announcements from the exchange. As for the ZINC shares suspension, it refers to the Board of Directors’ Decree Number Kep-00035/BEI/06-2025 dated 3 June 2025 under Exchange Regulation Number I-X on the Placement of Equity Securities on the Special Monitoring Board. Additionally, it is based on exchange announcement number Peng-UK-00019/BEI.PLP/05-2025 dated 2 May 2025 regarding Changes to Equity Securities under Special Monitoring, and exchange announcement number Peng-SPT-00005/BEI.PP3/04-2026 dated 2 April 2026 regarding the Temporary Halt of Trading in Securities of PT Kapuas Prima Coal Tbk (ZINC). As of 5 May 2026, ZINC has been on the Special Monitoring Board for more than one consecutive year.