The Indonesia Stock Exchange (IDX) is currently monitoring PT Sanurhasta Mitra Tbk (MINA).

"This step was taken due to an unusual market activity (UMA) increase in stock prices of securities companies," said Head of the IDX Transaction Supervision Division, Lidia M Panjaitan, in an IDX disclosure on Wednesday (10/2).

The IDX asks investors to pay attention to listed companies' answers to the Exchange's request for confirmation.  The Bourse also asks investors to pay close attention to listed companies' performance and their disclosure of information and review the listed company's corporate action plans if the GMS has not approved them. Investors must consider various possibilities that may arise later date before making an investment decision. 

The UMA announcement does not necessarily indicate a violation of the laws and regulations in the capital market.

In the period ended September 2020, MINA recorded a loss for the year attributable to the parent entity owners amounting to Rp5,439 billion. The same period last year recorded a profit of Rp3.365 billion.

One of the triggers is the low net income achievement, which more than quadrupled from Rp9,424 billion at the end of September 2019 to Rp2,653 billion.