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Shares of PT Optima Prima Metal Sinergi Tbk (OPMS) have entered the radar of Unusual Market Activity (UMA) monitoring by the Indonesia Stock Exchange (IDX). This is due to an unusual increase in the stock price.

It is known that OPMS, which is a company engaged in iron cutting and scrap iron trading, has shown a significantly rising stock movement, increasing by 48.00% in the last 5 days of trading. The OPMS shares also closed higher in yesterday's trading (12/10/2023), gaining 34.55% to reach a level of 74.

"Hereby we inform you of the unusual increase in the OPMS stock price, which is considered as Unusual Market Activity," wrote a letter signed by the Head of Transaction Supervision Division, Yulianto Aji Sadono, and the Head of Trading Regulation and Operations Division, Pande Made Kusuma Ari A, Jakarta, Friday (13/10/2023).

The UMA announcement does not necessarily indicate any violations of regulations in the Capital Market sector. The latest information regarding OPMS is dated October 9, 2023, published through the IDX website about the monthly report of securities holders registration.

"In connection with the occurrence of Unusual Market Activity regarding the OPMS shares, we would like to inform you that the Exchange is currently monitoring the development of this stock transaction pattern," wrote the exchange's directors.

Therefore, investors are advised to pay attention to the Listed Company's responses to the Exchange's confirmation requests, scrutinize the performance of the Listed Company and its transparency of information, review the Listed Company's corporate action plans if those plans have not yet received approval from the General Meeting of Shareholders (RUPS), and consider various possibilities that may arise in the future before making investment decisions.

Source : https://www.idxchannel.com/