The MERI Stock Phenomenon: 4 Consecutive Days of ARA (Upper Auto Rejection), A Sign of Growing Public Confidence

Shares of PT Merry Riana Edukasi Tbk (stock code: MERI) have once again captured attention on the Indonesia Stock Exchange (IDX). Following a successful debut, the stock has continued to deliver spectacular performance, hitting the upper limit of the Auto Rejection mechanism (ARA) for four consecutive days — reinforcing investor confidence in its long-term potential.

With a total increase of over 282% since its IPO on Thursday (July 10), MERI has quickly become one of the most talked-about stocks among both retail and institutional investors. Daily trading volume has surged into the hundreds of millions of shares, while its market capitalization has soared significantly.

According to official data from the IDX, MERI has consistently hit ARA during every trading session over the past four days.

What Does This Mean for Investors?

1.Soaring Investor Interest: 24.83% ARA Gain

The consecutive ARA events are no coincidence — they reflect strong interest from both institutional and retail investors who see promising potential in the education and character development sector.

2.High Liquidity & Positive Volatility

The large trading volume and continuous price surges offer high liquidity. For aggressive investors, this presents opportunities for daily trading. For long-term investors, it's a signal that this stock is worth monitoring for future momentum.

3.Strong Fundamentals Behind the Rally



MERI’s IPO was strategically designed to strengthen the education ecosystem: 65% of IPO funds are allocated for expanding Learning Centres, while 35% support event development. The founder has also locked up her personal shareholdings for five years — a clear sign of management's commitment to building a sustainable business, laying a solid foundation for long-term investors.

The four-day ARA streak is a strong indicator of market confidence in MERI. The extreme surge in both price and volume shows that the momentum has yet to slow down. Backed by solid fundamentals, a long-term vision, and institutional support, MERI is emerging as a stock worth watching. Beyond the numbers, MERI is positioning itself as a symbol of change in education and social investment in Indonesia.

In a post on her Instagram (@merryriana), Merry Riana, Founder and President Commissioner of PT Merry Riana Edukasi Tbk, responded to the four-day ARA streak:

“To all the long-term investors who chose to believe in our vision — who look beyond today’s numbers and see the future of Indonesian education — thank you. Your support is the foundation of our journey ahead. I believe this journey is not a sprint, but a marathon. I personally won’t reap the full rewards until after 2030. But today, I’m enjoying something far greater — seeing many others believe, take part, and become part of this vision,” said Merry Riana.

An Investment, A Movement

This consecutive ARA phenomenon is not merely a result of market momentum. It reflects public confidence in MERI’s long-term vision to build character education and soft skills among Indonesia’s youth. From a small garage to the trading floor. From a personal dream to a national mission. MERI is not just a stock — MERI is a movement. And as Merry said, “This journey is not a sprint. It’s a marathon.”

Below is the full statement from the Founder and President Commissioner of PT Merry Riana Edukasi Tbk: