Stocks of Garuda Indonesia, Multi Hanna Kreasi indo, Singaraja Putra, and Madusari Murni Indah Flagged for Unusual Activity, Later Dip
Jakarta, Indonesia - The Indonesia Stock exchange (IDX) has designated shares of PT Garuda Indonesia (Persero) Tbk. (GIAA), PT Multi Hanna Kreasi Indo Tbk. (MHKI), PT Singaraja Putra Tbk. (SINI), and PT Madusari Murni Indah Tbk. (MOLI) as experiencing Unusual Market Activity (UMA), effective tuesday (october 14, 2025). the designation follows observed spikes in price and trading volume over recent days.
Yulianto Aji Sadono, Head of the IDX Transaction Supervision Division, stated the UMA proclamation “aims to provide information to investors to pay more attention to related stock transaction patterns,” clarifying it does not automatically indicate regulatory violations.
Prior to the UMA announcement, GIAA had surged 43.18% in the last four days, closing at IDR 126, a 38-point increase. The stock rose 85.29% in the past month from IDR 68 (September 15, 2025) and 129.09% year-to-date from IDR 55 at the start of 2025.
MHKI,impacted by sentiment surrounding Waste Energy Power Plant (PLES) developments,climbed 30% in four days to IDR 312,a 72-point gain. Monthly gains reached 96.23%, and year-to-date gains totaled 228.42% from IDR 95.
HERE, an issuer associated with the hapsoro group, increased 23.37% in four days to IDR 5,725, and strengthened 49.34% over the last month. Its performance increased 13.5% throughout 2025 from an opening price of IDR 5,000.
MOLI recorded the most significant four-day increase, jumping 85.19% to RP400, with an 80.18% monthly increase and an 86.92% year-to-date rise from RP214 in early January.
Following the UMA announcement, GIAA and MOLI experienced immediate declines. By the close of the first trading session on Tuesday (October 14), GIAA shares plummeted 9.52% to IDR 114, and MOLI fell 15% to IDR 340, both hitting the Lower Auto-rejection limit (ARB).
HERE showed a slight gain of 0.88% to IDR 5,725, while MHKI corrected 5.13% to IDR 296.
