The Indonesia Stock Exchange temporarily suspended trading in shares of PT Cahaya Bintang Medan Tbk (CBMF) and PT Damai Sejahtera Abadi Tbk (UFEO) on trading 19 April 2021 on the regular market and cash market.

The Head of the IDX Transaction Supervision Division, Lidia M Panjaitan, said the Exchange suspended the two companies' securities in the context of cooling down due to a significant increase in cumulative prices.

"The temporary suspension of trading in CBMF and UFEO shares aims to provide sufficient time for market players to consider carefully, based on the information contained in every investment decision making in these shares," in his official statement on Monday (19/4).

IDX urges interested parties to always pay attention to the disclosure of information submitted by the company.