Shares of PT Chandra Daya Investasi Tbk (CDIA) Suspended Again by IDX After Soaring 698% Since IPO

The Indonesia Stock Exchange (IDX) has once again suspended trading of PT Chandra Daya Investasi Tbk (CDIA) shares during this morning’s session. The decision was made following a significant price surge in recent days. The suspension applies to trading on both the regular and cash markets starting from Session I on Wednesday (July 23) until further notice.

This marks the second suspension after the previous one on July 17, when CDIA trading was halted for a cooling-off period following a 25% jump to IDR 975 per share.

Price Surge Hits Upper Auto-Rejection Limit

On Tuesday’s session (July 22), CDIA shares once again hit the upper auto-rejection limit (ARA), skyrocketing 24.69% to IDR 1,515 per share. This achievement marks the ninth consecutive time CDIA has reached the ARA since its market debut. The rally even contributed 9.12 points to the Jakarta Composite Index (JCI) on the same day.

Spectacular Growth Since IPO

CDIA has delivered outstanding performance since its IPO on July 9, 2025, priced at IDR 190 per share. In less than two weeks, the stock has surged approximately 698%, pushing its market capitalization from IDR 23.7 trillion to around IDR 189 trillion. CDIA currently ranks among the top 14 companies by market capitalization on the IDX.

Why IDX Took This Action

The IDX emphasized that the suspension was imposed due to a significant cumulative price increase, as part of efforts to protect investors. The exchange urged investors to carefully review material information from the issuer before making decisions. The suspension is also intended to provide space for evaluation, allowing market participants to better understand CDIA’s fundamentals and avoid speculative decisions amid heightened volatility.