Following indications of transaction manipulation, the Jakarta Stock Exchange (BEJ) since yesterday has been examining 16 brokers that have been trading PT Agis Tbk stock at the largest volume in the past few months.
BEJ suspends the trading of Agis stock. When last traded on June 5, the price of Agis stock plummeted by 24.84% or IDR975 to IDR2,950 from IDR3,925 on June 4.
Agis stock had been actively traded since January. The stock coded TMPI soared from IDR225 on January 2 to IDR3,925 on June 4, the highest in the history.
Data by Bloomberg showed that three brokerage firms dominating Agis sales and purchase transactions from April 3 to June 5 were CIMB-GK Securities Indonesia (64.23 million shares), AmCapital Indonesia (41.09 million shares), and Ciptamahardhika Mandiri (30.51 million shares).
During the period, a total 6.31 billion shares of Agis stock worth IDR11.31 trillion had been traded.
Thursday, June 28, 2007
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