Bhakti stocks trading suspended

IDX authorities suspended the trading of PT Bhakti Investama (BHIT) Tbk stocks this morning after a 225.6% jump in the period of February 16 to March 9, 2010.

The trading suspension applied this morning in both regular and cash markets for a cooling down period. Bhakti confirmed earlier its plan to acquire some companies in insurance, mining and energy sector. Bhakti is controlled by Tanoesoedibjo family.

IDX also suspended the trading of PT Pelita Sejahtera Abadi (PSAB) Tbk stocks this morning after a 210.34% jump in the period of February 17 to March 9.

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