Indonesian Stock Exchange Intensifies Monitoring on Four Stocks Showing Unusual Market Activity

IDX Takes Closer Look at NELY, NICL, FORU, and GPRM

The Indonesian Stock Exchange (IDX) has announced that it is closely monitoring the trading activity of four listed companies: PT Pelayaran Nelly Dwi Putri Tbk (NELY), PT PAM Mineral Tbk (NICL), PT Fortune Indonesia Tbk (FORU), and PT Graha Prima Mentari Tbk (GPRM) due to observed unusual market activity (UMA) on January 6, 2025 ¹

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Source 2

https://investasi.kontan.co.id/news/nely-nicl-foru-grpm-kena-label-uma-begini-kata-analis

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Significant Price Movements Trigger Monitoring

The decision to monitor these stocks was triggered by significant price movements that were considered outside normal trading patterns. Specifically, NELY's stock price increased by 20.87% week-on-week and 33.87% month-on-month. More notably, NICL's stock price surged by 60.53% week-on-week and 69.44% month-on-month ¹

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IDX Clarification on UMA Label

The IDX was quick to clarify that the issuance of a UMA notification does not directly imply any violation of capital market regulations ¹

. The exchange routinely monitors trading activities to maintain market integrity and investor protection. This monitoring is part of the IDX's regular surveillance activities to detect potential market manipulation or other irregularities.

Market Implications and Investor Considerations

While the UMA label doesn't necessarily indicate wrongdoing, it signals to investors that these stocks have shown unusual behavior that warrants closer examination. Investors should consider various factors including company fundamentals, market news, and broader economic conditions when evaluating these stocks.