Price Fluctuations Prompt Close Monitoring of HBAT and MSIE Shares by IDX

The Indonesia Stock Exchange (IDX) is closely monitoring the unusual market activity (UMA) patterns for PT Minahasa Membangun Hebat Tbk (HBAT) and PT Multisarana Intan Eduka Tbk (MSIE) starting Thursday, 30 April 2026. These issuers are under scrutiny due to abnormal share price increases.

Citing IDX disclosures, the shares are exhibiting movements outside the norm (Unusual Market Activity). This measure is intended to protect investors, particularly shareholders of these three issuers.

“The announcement of Unusual Market Activity (UMA) does not necessarily indicate any violation of capital market regulations,” IDX management stated, as quoted from its official website.

The latest information regarding HBAT, a property issuer, dates to 10 April 2026 concerning the monthly report on securities holder registration.

“In connection with the UMA on HBAT shares, we wish to state that the Exchange is currently observing the developments in this share’s transaction patterns,” it added.

Market data shows HBAT shares fell 1.78% to Rp496 per share in yesterday’s trading. On the other hand, HBAT shares rose 62.09% over the past month. Year-to-date, they are up 20.98%.

With this announcement, investors are advised to pay attention to the issuers’ responses to the Exchange’s confirmation requests, review the issuers’ performance and disclosures, reassess any planned corporate actions if not yet approved by the AGM, and consider potential future developments before making investment decisions.

Similarly to HBAT, the IDX is giving special attention to MSIE shares due to transaction volatility deemed unusual. The latest details on MSIE appear in disclosures dated 24 April 2026 regarding the submission of the annual financial report (correction).

During yesterday’s trading, shares of this education company rose 9.80% to Rp112. MSIE shares are up 154.55% over the monthly period and have risen 115.38% year-to-date (YTD).