Jakarta - The Indonesia Stock Exchange Authority has suspended PT Bank JTrust Indonesia Tbk (BCIC) shares.

IDX Transaction Supervision Division Head Lidia M Panjaitan said the suspension resulted from a significant cumulative price decline in BCIC shares.

"In the context of cooling down, IDX considers it necessary to temporarily suspend trading of BCIC shares on trading on September 21, 2021," she said in a statement in Jakarta on Tuesday (21/9).

The suspension of BCIC shares is carried out in the regular and cash markets. According to Lidia, the suspension aimed to provide adequate time for market participants to carefully consider based on the information available in each of their investment decisions in BCIC shares.

"Stakeholders are expected to always pay attention to the disclosure of information submitted by the company," he said.