The Indonesia Stock Exchange (IDX) has reopened the trading of shares of PT Multipolar Technology Tbk (MLPT), starting today's trading session on Friday (25/6).

Previously, trading in the company's shares was suspended since June 16, 2021.

IDX Transaction Supervision Division Head Lidia M Panjaitan and IDX Trading Operational & Regulatory Division Head Irvan Susandy, in his official explanation on the IDX yesterday, said the suspension of trading MLPT shares in the regular market and cash market will be reopened starting trading session 1 on June 25, 2021.

"The MLPT stock was suspended after the price spike in the last few weeks," he said.

Based on data, MLPT's share price strengthened from the level of Rp. 1,430 at the end of last month to Rp. 5,350 on June 16, 2021. In fact, at the end of last year alone, MLPT's share price was only at the level of Rp. 710.