Stocks' suspension lifted

Wed, 05 Jun 1996, 00:00 WIB | Source: JP

JAKARTA (JP): The Jakarta Stock Exchange (JSX) yesterday
suspended trading on PT Super Indah Makmur's shares due to a 78
percent price increase on Monday on rumors of a take over, but
the suspension was lifted in the afternoon session.

"The company's management has confirmed that the price
increase was out of their control. Moreover, the company was not
involve in any transactions which caused such a sharp price
increase," JSX said.

Super Indah's share price rose 78 percent to Rp 2,450
(US$1.04) on Monday's close with 8.7 million shares changing
hands. (alo)

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