Indonesian Political, Business & Finance News

Share Price Surges 123%, IDX Closely Monitors This Fintech Issuer's Stock

| Source: CNBC Translated from Indonesian | Finance
Share Price Surges 123%, IDX Closely Monitors This Fintech Issuer's Stock
Image: CNBC

Jakarta, CNBC Indonesia - PT Bursa Efek Indonesia (IDX) has included PT Cashlez Worldwide Indonesia Tbk. (CASH) on its monitoring radar due to unusual market activity (UMA) in its shares on 17 April 2026.

In its announcement, the IDX stated that the fintech issuer’s shares have entered the radar due to an increase in share price outside the norm. Citing Stockbit, CASH shares last closed up at 235. Over the past week, CASH recorded a 30.68% rise and has surged 123.20% year to date (YTD).

In connection with the UMA on those shares, the IDX stated that it is currently observing developments in the transaction patterns of the stock.

“The UMA announcement does not necessarily indicate a violation of capital market regulations,” IDX management said in its statement, quoted on Monday (20/4/2026).

Therefore, investors are urged to: a. Pay attention to the listed company’s response to the exchange’s confirmation request; b. Monitor the listed company’s performance and information disclosures; c. Re-examine the listed company’s planned corporate actions if they have not yet received shareholder approval; d. Consider various possibilities that may arise in the future before making investment decisions. All issuer-related disclosures are published on the exchange’s website (www.idx.co.id).

According to the company website, CASH was established in 2015 and began operations in September 2016. CASH, under the Cashlez brand, is a financial technology payment company that provides solutions for merchants and offers added value to help business owners manage and grow their businesses.

Cashlez creates an mPOS (mobile point of sale) system, a payment acceptance concept using cards—both credit and debit—via an application on smartphones (Android and iOS) connected to a card reader via Bluetooth.

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