INET Stock Continues to Surge Despite Landing on IDX’s Unusual Market Activity (UMA) List

JAKARTA – PT Sinergi Inti Andalan Prima Tbk (INET) has become one of the issuers placed on the Unusual Market Activity (UMA) watch list by the Indonesia Stock Exchange (IDX).

INET’s management has provided an explanation to the IDX regarding the recent volatility in its stock price.

As previously reported, the IDX noted an unusual increase in INET’s stock price, prompting its inclusion on the UMA list as a measure of investor protection.

“A UMA announcement does not necessarily indicate any violation of laws and regulations in the Capital Market sector,” stated Yulianto Aji Sadono, Head of the IDX Transaction Supervision Division, in an announcement last Wednesday (12/11/2025).

Based on Kontan’s monitoring, INET’s stock price surged 17.05% to Rp 515 per share on Friday (14/11/2025) at 2:13 PM WIB. Over the past week, INET’s stock has skyrocketed 60.94%, and it has climbed 81.34% in the last month.

In a separate information disclosure, INET’s management stated that within the last two weeks, the company had announced it is in negotiations to acquire a majority stake in both PT Personel Alih Daya Tbk (PADA) and PT Trans Hybrid Communication.

“This information has been disclosed by the company in an information disclosure document in accordance with applicable regulations,” said INET President Director Muhammad Arif in the disclosure explaining the stock’s volatility, as quoted by Kontan on Friday (14/11/2025).