Bakrie Brothers' Stock Volatility Following Major Toll Acquisition

Significant Price Movement and Exchange Response

PT Bakrie & Brothers Tbk (BNBR), part of the Bakrie Group, saw its stock experience significant price appreciation following the company's announcement regarding the acquisition of PT Cimanggis Cibitung Tollways (CCT). The Indonesia Stock Exchange (IDX) responded by suspending trading of BNBR shares twice - on December 12, 2025, and again on December 16, 2025 - as a protective measure for investors.

Company's Official Response

BNBR Director Kartini Sally addressed the situation during a virtual Public Expose event on December 17, 2025. Sally explained that the stock price movement began on December 1, 2025, and continued through the suspension dates. While acknowledging the significant price movement, Sally denied any direct correlation between the toll acquisition and the stock price surge. The company maintained that all material information had been properly disclosed through the IDX's information disclosure mechanism.

Market Dynamics and Investor Reaction

The acquisition of Cimanggis-Cibitung toll road operator appears to have generated substantial market interest in BNBR shares. The rapid price appreciation triggered the IDX's protective measures, demonstrating the exchange's active monitoring of market activities. Kartini Sally characterized the price movement as part of natural market dynamics while emphasizing the company's commitment to transparency through official disclosure channels.

Regulatory Oversight

The IDX's decision to suspend trading not once but twice within a short period underscores the regulatory body's vigilance in maintaining fair market practices. These actions reflect the exchange's commitment to protecting investor interests while ensuring that all material information is properly disseminated to the market.