SHIP Shares Reopen, Jump 9.68% to Rp1,530

JAKARTA — SHIP shares of PT Sillo Maritime Perdana Tbk were reopened by the Indonesia Stock Exchange (IDX) on Monday, June 22, 2026, and immediately jumped 9.68% or 135 points to Rp1,530 in the regular and cash market first session.

The gain came after the IDX temporarily halted trading in the shipping issuer’s stock since June 9, 2026. The suspension was imposed after SHIP’s price fell sharply and was considered in need of a pause so investors could assess the risks more calmly.

SHIP shares exit suspension, then hit ARA

Yulianto Aji Sadono, Head of the IDX Transaction Supervision Division, explained in a written disclosure on Friday, June 19, 2026, that the temporary suspension of SHIP trading was carried out because of a significant cumulative price decline. He said the policy was taken to protect investors.

Once trading resumed, SHIP shares quickly moved in what market players often call a “fast reversal.” The price climbed until it hit the upper auto-rejection limit, or ARA. By the end of the first session, the stock stood at Rp1,530, well above the level before the suspension was imposed.

That kind of move sends a simple signal: the market still assigns value to the shipping stock, even after heavy selling pressure. But the status is not fully normal yet. Because the suspension lasted more than one trading day, SHIP now enters the Full Call Auction (FCA) scheme on the Special Monitoring Board for at least one week.

SHIP selling pressure had run very deep

Data released by the IDX show the decline in SHIP shares was no small correction. In the month before the suspension, the stock dropped 25.8%. Over the previous three months, the fall was even steeper, reaching 64.32%.

Look back to the start of the year, and the loss becomes even clearer. From Rp4,830 at the beginning of 2026, SHIP sank to Rp1,395 before the June 9 suspension. That means the decline for the year reached 71.12%.

Those numbers matter for retail investors. A stock that falls that far often triggers two opposing reactions: some traders rush in to hunt for cheap prices, while others step back because the volatility is too high. Once the suspension is lifted, those two sentiments meet on the trading screen.

Why SHIP moved into FCA and what it means for investors

Moving SHIP into Full Call Auction does not mean trading stops. The mechanism is different. In this board, transactions are executed through periodic auctions at set intervals, not continuous trading like in the regular market. The aim is to allow a more orderly price discovery after extreme moves.

For investors, FCA status usually means thinner liquidity and price swings that can still be sharp. Buy and sell orders still meet, but execution is more limited. That is why market participants who enter a stock like SHIP need to pay close attention to fair value, volume, and risk limits from the start.

In SHIP’s case, the jump to ARA after the suspension was lifted shows that buying interest is still there. Yet the 71.12% decline since the beginning of the year is a hard reminder that volatility has not gone away. The stock remains highly sensitive.

Market reaction can still shift fast

Shipping issuers often move in line with business expectations, contract conditions, and sentiment in the sea logistics sector. When prices fall too deeply, the market usually waits for a new catalyst before becoming aggressive again. On the other hand, a quick rebound after suspension can also trigger profit-taking.

That is why SHIP’s reopening is not just about one day of gains. It is also a test of whether buying interest can hold once the stock is under FCA rules and tighter oversight. If demand weakens, prices can reverse quickly. If it stays strong, the next move could still be hot.

For retail investors, SHIP offers a practical lesson: a stock that has collapsed sharply and then reopens may look attractive, but the risk rises with it. In the end, the 71.12% drop year-to-date and the 9.68% jump on reopening are two faces of the same stock. Very volatile. Very sensitive.