The Indonesia Stock Exchange (IDX) investigates the stock transaction of PT Bhakti Investama Tbk. The bourse authority summoned six bourse members involving in the emitter stock transaction. The IDX has so far not been officially determining whether or not there is violation committed by the brokers at market following the unfinished probe.
Stock Exchange Regulation II.A.5 stipulates that the violators of transaction will carry sanction like IDR500 million penalty at maximum, written warning, suspension, up to the revocation of bourse members approval letter (SPAB).
Trading activity of Bhakti stocks moved abnormally since February 16. The stock price of investment company here rose due to the acquisition of two coal mine and insurance firms.
Trading activity of Bhakti stocks moved abnormally since February 16. The stock price of investment company here rose due to the acquisition of two coal mine and insurance firms.
Last week, the stock price of BHIT rose 1.04 percent or IDR10 into the level of IDR970. The position rose 351.16 percent as from the position of February 16, 2010 at the level of IDR215.
Despite the bullish since February 16, IDX had just categorized the stock into unusual market activity (UMA) category following the sharp jump by 80 percent into the level of IDR405 on February 17-22, 2010.
Bhakti management officially gave public expose April 5, 2010 on the acquisition scheme of offshore oil and gas block in Papua with oil reserves of 1 billion barrels.
Despite the bullish since February 16, IDX had just categorized the stock into unusual market activity (UMA) category following the sharp jump by 80 percent into the level of IDR405 on February 17-22, 2010.
Bhakti management officially gave public expose April 5, 2010 on the acquisition scheme of offshore oil and gas block in Papua with oil reserves of 1 billion barrels.
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