Reuters: Hot Stocks: STOCKS NEWS INDONESIA-Trading in Indonesia Air Transport suspended

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STOCKS NEWS INDONESIA-Trading in Indonesia Air Transport suspended Oct 1st 2012, 03:40 Sun Sep 30, 2012 11:40pm EDT The Indonesian stock exchange suspended trading in the shares of PT Indonesia Air Transport after the stock's price nearly tripled in the last two weeks. "The stock exchange needs to suspend trading of PT Indonesia Air Transport shares on Oct. 1 to cool down the price," the exchange said in a statement on Monday. Shares of the air transport service provider soared to their highest in five years on Sept. 24 at 137 rupiah, from a year-low of 50 rupiah on Sept. 13. They closed at 122 rupiah on Friday. The broader Jakarta Composite Index was down 1.05 percent at 10.15 a.m. (0315 GMT) 1017 (0317 GMT) (Reporting by Andjarsari Paramaditha; Editing by Gopakumar Warrier)

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