CDIA Stock Trading Resumes as IDX Implements Full-Call Auction Mechanism

 The Indonesia Stock Exchange (IDX) officially lifted the suspension on trading of PT Chandra Daya Investasi Tbk (CDIA) shares on Friday (July 25) after a two-day halt due to extreme price volatility.

Back in the Green Through Full-Call Auction Scheme

The IDX announced that the suspension imposed since July 23 in both the regular and cash markets has now been revoked. Trading of CDIA has resumed under the full-call auction (FCA) mechanism starting in today’s first session.
The implementation of FCA refers to IDX regulations, which stipulate that any security suspended for more than one day will be placed on the special monitoring board for seven trading days.

Spectacular Rally: CDIA Shares Surge Nearly 700%

Since debuting on the exchange on July 9 at an offering price of Rp190 per share, CDIA has skyrocketed to Rp1,515, marking an approximate 697–700% increase. This performance makes it one of the most outstanding IPO stocks on the IDX this year.
The sharp price surge, accompanied by multiple auto-reject upper (ARA) triggers, prompted the IDX to temporarily halt CDIA trading on July 17 and July 23 to cool down market volatility.

Shareholder Actions & Foreign Investor Interest Under Spotlight

The CDIA phenomenon has attracted not only retail investors but also internal management. The company’s President Director and commissioners were recorded purchasing shares when the price dipped to around Rp800. Additionally, foreign investors have joined the buying spree amid this speculative trend.

Market Outlook & Investor Warnings

With the FCA mechanism in effect, the IDX has tightened monitoring to prevent irregular trading practices. Investors are advised to pay close attention to the issuer’s information disclosures, including plans for the use of IPO proceeds and the first-half 2025 financial report, which is currently under audit.