Moving unnaturally, Bank Mega (MEGA) shares entered UMA

ILLUSTRATION. Teller officers serve customers at the branch office of Bank Mega Tendean Jakarta. / Pho KONTAN / Carolus Agus Waluyo.

Reporter: Herlina KD | Editor: Herlina Kartika Dewi

KONTAN.CO.ID – JAKARTA. The Indonesia Stock Exchange (IDX) informed that there had been an increase in the share price of PT Bank Mega Tbk (MEGA) out of habit (Unusual Market Activity).

IDX Transaction Supervision Division Head Lidia Panjaitan and Trade Regulatory & Operational Division Head Irvan Susandy said in an announcement on Wednesday (13/1) that in connection with this, the stock exchange is currently monitoring the development of Bank Mega’s share transactions.

“The announcement of UMA does not necessarily indicate a violation of laws and regulations in the capital market,” he explained in an information disclosure Wednesday (13/1).

Even so, the bourse expects investors to pay attention to the company’s answer to the exchange’s confirmation request.

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In addition, the stock exchange also hopes that investors will keep a close watch on the performance of listed companies and the disclosure of their information, review MEGA’s corporate action plan if the plan has not been approved by the GMS.

According to records, the latest information regarding MEGA published on the IDX website is dated January 13, 2021, related to the explanation of transaction volatility.

Quoting RTI, on Thursday (14/1) at 13.51 WIB, MEGA’s share price was at Rp.13,175, up 1.35% from the previous day.

At the end of 2020, MEGA’s shares closed at Rp 7,200 per share. This means that up to the second session today, MEGA’s share price has risen 82.9%.