A week down 30%, this issuer’s shares were ‘watched’ by the IDX

Jakarta –

The Indonesian Stock Exchange (BEI) is closely monitoring the shares of PT Menn Teknologi Indonesia Tbk. The share price of the issuer coded MENN was declared to have fallen unusually or Unusual Market Activity (UMA).

“In the context of investor protection, we hereby inform you that there has been an unusual decline in the share price of PT Menn Teknologi Indonesia Tbk (MENN) (Unusual Market Activity),” wrote the Exchange in an information disclosure, quoted Friday (17/11/2023).

MENN’s share price today was observed to have fallen 3 points or weakened 8.11%. The technology issuer’s shares are now at 34 per share.

Within a week, MENN fell 30% or weakened 15 points. Meanwhile, within one month, MENN’s share price fell by 69.37%.

The announcement of Unusual Market Activity (UMA) does not necessarily indicate a violation of laws and regulations in the Capital Market sector. In connection with the occurrence of UMA on MENN shares, the Exchange is currently monitoring developments in this share transaction pattern.

Therefore, the Exchange said that investors are expected to pay attention to the Listed Company’s answer to the Exchange’s request for confirmation, and pay close attention to the Listed Company’s performance and information disclosure.

Then review the Listed Company’s corporate action plan if the plan has not received approval from the GMS, and consider various possibilities that may arise in the future before making an investment decision.

(ily/hns)