Two broking firms suspended

Wed, 17 May 2000, 00:00 WIB | Source: JP

JAKARTA (JP): The Jakarta Stock Exchange (JSX) temporarily
suspended on Tuesday the operations of two securities companies,
PT Sekuritas Namalatu Ronesina and PT Intifikasa Securindo, due
to alleged market manipulation.

The two securities companies allegedly engaged in artificial
transactions in the trading of PT Mas Murni Indonesia's preferred
shares, the JSX said in a statement.

"The two securities companies are banned from trading until a
further investigation is completed," it added.

The trading of the above company's preferred shares has also
been temporarily suspended. (udi)

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