BEI Suspends Bank Of India Indonesia Share Trading

Jakarta, Jan 20 (Antara) - During Monday`s first trading session, the Indonesia Stock Exchange (BEI) temporarily suspended the trading of PT Bank of India Indonesia Tbk. (BSWD) until further notice due to a steep hike of its share price. The BEI`s Head of Share Trading Division, Andre P.J. Toelle, stated here on Monday, that the BSWD shares had soared by Rp915 or 128.87 percent from the closing price of Rp710 on January 2, 2014, to Rp1,625 per share on January 17, 2014. In view of that, he remarked that the BEI needed to suspend trading of its shares, starting January 20, until further notice. In connection with this, an appeal was made to all parties to closely study the corporate information and fundamentals of the BSWD. The suspension was done at the regular and cash markets, with the intention of giving the market players sufficient time to mull over any decisions they would make in regard to their investments in the company`s shares.