November 7, 2024 5:29 pm

DMMX shares are padlocked, EURO continues to plummet!

The Indonesia Stock Exchange (IDX) suspended the shares of PT Digital Mediatama Maxima Tbk (DMMX) and PT Estee Gold Feet Tbk (EURO) on Monday, April 22, 2024.
The suspension of DMMX was carried out due to a significant price drop. As a form of investor protection, DMMX trading in the regular market and cash market was temporarily suspended starting from the first trading session on April 22, 2024, until further notice.
DMMX, the issuer of Kresna Group’s digital trade platform, recorded a correction of 14.14% in the past week. In fact, in the last month, DMMX shares have fallen 46.54%.
Meanwhile, shares of EURO, a manufacturer of cosmetics and household goods, were suspended on April 19, 2024, due to a significant cumulative price surge. The suspension was carried out to cool down and protect investors.
EURO shares surged 85.32% over the past month and rose 33.77% over the past week.
After being opened from suspension, EURO shares soared to 222 in the first trading session on Monday, April 22, 2024. However, as of 10.18 WIB, EURO fell 0.99% to 200.