Trading halt on BATA, Mulia, Tiga Pilar lifted
Indonesia Stock Exchange (IDX) has resumed trading of PT Sepatu Bata (BATA) Tbk, PT Mulia Industrindo (MLIA) Tbk, and PT Tiga Pilar Sejahtera Food (AISA) Tbk as of this morning. Trading of these stocks have suspended for failures to pay annual listing fee (ALF).
The last quoted price for BATA, shoemaker, was Rp36,000 in January 11. But the stock had rarely been traded with average volume of less than 40,000 stocks per day. Mulia Industrindo, producer of ceramics and glass, is even worse. The stock's average trading volume is only 13,000 stocks in the past three months. Tiga Pilar, food processor, is also the same. Trading value of this stock is even less than Rp10 million per day.
Labels: Stock Market