Share Price Plummets, Indonesia Stock Exchange Halts Trading in Agro Bahari Nusantara (UDNG)

Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (BEI) has suspended trading in shares of PT Agro Bahari Nusantara Tbk. (UDNG) due to a significant cumulative decline in share price.

The suspension has been implemented as a cooling-off measure to protect investors, particularly those holding UDNG shares.

The halt on trading in UDNG shares was enacted in both the regular market and spot market during the first session on 16 March 2026.

The suspension is intended to provide adequate time for market participants to carefully consider their investment decisions in UDNG shares based on available information.

Interested parties are urged to monitor closely the information disclosures made by the company.

Over the past five days, UDNG shares have declined 34.6% to Rp 1,280 per share. The company currently has a market capitalisation of Rp 2.2 trillion.