IDX halts trading in CFC owner PTSP after 149% share gain
The suspension covers the regular and cash markets, with the exchange citing investor protection as the reason for a cooling-off period.
Shares of PT Pioneerindo Gourmet International Tbk (PTSP), which holds the CFC brand, have been suspended from trading by the Indonesia Stock Exchange (IDX). The halt follows a year-to-date increase of 149% in the company's share price.
Market figures cited by CNBC Indonesia put PTSP at Rp2,490 after a 12.16% rise in the session preceding the suspension. The stock's gain over a month stood at 120.35%.
IDX said it imposed the cooling-off period to protect investors. It said the pause would give market participants adequate time to weigh their investment decisions. Trading was halted in both the regular market and the cash market.
The exchange detailed its decision in notice Peng-SPT-00222/BEI.WAS/10-2026 on its official website. It also urged interested parties to keep track of disclosures issued by the company.
