JAKARTA: PT Bursa Efek Indonesia temporarily suspends the stock trading of PT Dian Swastika Sentosa Tbk (DSSA), one of energy business lines of Sinarmas Group, after it soared up in the last two weeks.
The DSSA-coded stock was trading at IDR7,550 as per 29 November after soaring up 117.22% to IDR16,400 on 14 December. Such suspension was taken merely to cool down the market, said the official statement from Indonesias market authority.The Head of Stock Trading at Indonesia Stock Exchange, Andre PJ Toelle said such suspension in both cash and regular market also aims to provide sufficient time for the market players to take the proper investment decision.Dian Swastika is an integrated energy company recently focusing coal business sector. The Sinarmas Groups provided US$29.8 million for its subsidiary, PT Golden Energy Mines to enhance its coal business line. (t02/wiw)
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