Singaraja Putra is trading at IDR 15,700, up 10.18%, with the cause of the October 14 rise still unclear.
- The latest close was IDR 14,250 on October 13, following several sharp daily moves.
- No fresh company-specific announcement or clearly confirmed catalyst for the rise was identified. Coverage of its coal-business shift and rights issue predates the move.
- Available broad-market context does not indicate a strong same-direction market move.