Monday March 23 2020

News Source: Global Exchanges

Focus: Trading Systems and Technology

Type: General

Country: Indonesia

Link: https://bit.ly/2vHyNfm




The Indonesian Stock Exchange (IDX) announced that the IDX has adjusted the Auto Rejection Provisions and Shares Traded in Pre-opening Session.

Following up on the Head of Capital Market Supervision Department 2A Head of Financial Services Authority dated March 12, 2020 regarding the order to change the Auto Rejection and Adjust the Pre-Opening Mechanism to Indonesia Stock Exchange, Decree of the Directors of Indonesia Stock Exchange Number: Kep-00025/BEI/03-2020 concerning Changes to the Auto Rejection Limits, and PT Indonesia Stock Exchange Announcement of Stocks Exiting the List of Shares Traded in the Pre-Opening Session, the IDX took steps to reduce pressure on the Indonesia Capital Market as follows:

  1. Changing the Auto Rejection limit below from the previous 10% (ten percent) to 7% (seven percent) so that the Jakarta Automated Trading System (JATS) will do an Auto Rejection if the selling offer price or buying and selling shares entered into JATS:
  • more than 35% (thirty five percent) above or 7% (seven percent) below the reference price for shares with a price range of Rp50, – (fifty rupiah) up to Rp200, – (two hundred rupiah)
  • more than 25% (twenty five percent) above or 7% (seven percent) below the reference price for shares with a price range of more than Rp200 (two hundred rupiah) up to Rp5,000 (five thousand rupiah)
  • more than 20% (twenty percent) above or 7% (seven percent) below the reference price for shares with a price above Rp5,000 (five thousand rupiah).
  1. Changing the provisions of the Auto Rejection for trading shares resulting from the Public Offering that were first traded on the Exchange (initial trade) from the previous set of 2 (two) times the percentage of the Auto Rejection limit as mentioned in number 1 above, to 1 (one) time of the percentage of Auto Rejection limits.
  2. Removing all shares from the list of shares traded in the Pre-opening session, so that there are no shares that can be traded in the Pre-opening session.

These provisions became effective from Friday, March 13, 2020 and the deadline will be determined later.

Click on the above link for further information.