In connection with the significant cumulative price increase, the Indonesia Stock Exchange (IDX) temporarily suspended or suspended the shares of PT Trisula Textile Industries Tbk (BELL). Therefore, in the context of cooling down, the IDX deems it necessary to temporarily suspend BELL shares starting from the first trading session on Thursday, May 12, 2022.
"The temporary suspension of trading in PT Trisula Textile Industries Tbk (BELL) shares in the Regular Market and Cash Market starting from the first trading session on May 12, 2022 until further Exchange Announcements," wrote the Head of the Transaction Supervision Division, Lidia M. Panjaitan and P.H. Head of Mulyana Trading Operational & Regulatory Division, Thursday (12/5/2022).
Based on IDX data, BELL shares rose 33.33% or 62 points to a level of 248 on Wednesday (11/5/2022). Within a month, BELL's shares have even risen 270.15% and per Ytd the issuer is engaged in the textile industry and this trade rose 67.57%.
For information, throughout last year, BELL posted a net profit attributable to the parent company of Rp 2.45 billion and an unrestricted retained earnings balance of Rp 1.73 billion.