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Monday, February 28, 2011

Wicaksana Overseas' stock will suspend tomorrow


BI / exchange
28/1/2011
Irvin Avriano A.
BisnisIndonesia

Wicaksana Overseas' stock will be suspended tomorrow

JAKARTA: Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) will suspend PT Wicaksana Overseas International Tbk's stock trading tomorrow because of the increased price of the company in the stock market which considered unnatural.

"Their stocks which coded WICO will suspend starting tomorrow because the movement its not fair," said IDX Surveillance and Compliance Director Uriep Budhi Prasetyo to the press tonight.

Wicaksono Overseas stock moves sharply earlier this year after moving almost stagnant at the level of IDR50 over the past year. The shares also not move from that level since 2008.

However, the stock began to move on January 31th, and periodically up to the level of IDR84 on February 14th trading day. Stocks continued to strengthen up to IDR118 in stock trading today.

For today's trading alone, the shares are still appreciated at IDR12 from the opening of stock trading at IDR106 level.

Issuers that have listed since 1994 was the wholesale goods company. The company is led by Eddy Suwandi and has a controlling shareholder PT Wira Saksama.

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