BIKE shares suspended in Indonesia after 595.95% rise since start of year
The suspension begins on 20 October 2026 and covers trading on both the regular and cash markets.
Trading in PT Bhineka Inovasi Ketahanan Energi Tbk. (BIKE) shares is suspended from the opening session on 20 October 2026 after a sharp price rise. The Indonesia Stock Exchange (BEI) said the measure was intended to protect investors.
Market data showed the shares rose 22.62% to Rp5,150 during trading on 19 October. Their gain over a month reached 370.32%, while the increase since the start of the year stood at 595.95%.
BEI's decision on 19 October applies to the regular market as well as the cash market. It was detailed in exchange announcement Peng-SPT-00215/BEI.WAS/10-2026.
The exchange said the pause would provide a cooling-off period, allowing market participants enough time to carefully consider investment decisions. BEI also urged interested parties to keep track of disclosures made by the company.
