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IDX Monitors GOTO Stocks Strictly, What’s Up?

Jakarta

Shares of PT GoTo Gojek Tokopedia Tbk (GOTO) experienced a very deep decline. Even the Indonesia Stock Exchange (IDX) puts GOTO’s shares in the list of stocks that move outside the normal market activity (UMA).

IDX announced that GOTO shares entered UMA last weekend. The reason is because of the decline in GOTO’s shares which are considered unreasonable.

“We hereby inform you that there has been an extraordinary decline in the price of GOTO’s shares,” reads the IDX announcement quoted on Tuesday (17/5/2022).

IDX emphasized that the UMA announcement did not necessarily indicate a violation of the laws and regulations in the capital market sector.

Even so, the IDX stated that it is currently observing the development of transaction patterns GOTO stock. Capital market investors were also asked to be careful.

Investors are advised to pay attention to the company’s position on the IDX’s request for confirmation regarding this matter. Market participants are also asked to pay close attention to the performance of the listed companies and their disclosure of information.

GOTO’s own stock today is moving in the green zone. Until the first half of the session, GOTO’s shares rose 4.12% to a level of Rp. 202.

But in the previous 8 trading days, GOTO’s shares fell consecutively. In fact, for 7 consecutive days of stock trading, GOTO’s shares fell to the lowest limit in a day by more than 6% every day.

It means GOTO stock for 7 consecutive days experiencing lower auto reject (ARB).

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