Jakarta - The Indonesian Stock Exchange (IDX) has temporarily suspended PT Indo Pureco Pratama Tbk (IPPE) shares.

"The suspension was carried out in connection with a significant increase in the cumulative price of IPPE shares in the context of cooling down," said Lidia M. Panjaitan, IDX Head of Transaction Supervision Division, in an information disclosure on Thursday (1/26).

Furthermore, the suspension of trading of IPPE shares was carried out on the regular market and cash market to provide sufficient time for market participants to consider carefully, based on available information, every investment decision on the company's shares.

"The Exchange urges stakeholders to always pay attention and observe all forms of information disclosure submitted by the company," he said.