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IDX is still studying the plan to reduce the share price limit

Selasa, 08 Januari 2019 / 17:41 WIB

IDX is still studying the plan to reduce the share price limit
ILUSTRASI. Indonesia Stock Exchange

KONTAN.CO.ID - JAKARTA. The Indonesia Stock Exchange (IDX) is still reviewing a plan to abolish the lower limit of share prices. As we know, now the authority sets the lower limit of the share price at Rp 50 per share.

"Now we are still reviewing, in the first semester we will conclude, then we will decide," said IDX Development Director Hasan Fawzi, Tuesday (1/8).

He also said, the IDX would be careful in studying and implementing these rules. There will be many aspects involved in trimming this stock price limit.

"We are having a discussion, whether we need to relax the numbers or open them. This is related to several aspects. Price fractions and corporate actions will also be affected. Not to mention if it is too low it can be autoreject," Hasan said.

Reflecting on other countries, Hasan revealed, foreign exchanges no longer apply the lower limit of stock prices. Therefore IDX still adjusts market conditions.

"If it is too low, a slight increase in prices can immediately rise by 100%," he said.

IDX considers decreasing the lower limit of stock prices to improve the principle of fairness and liquidity. It is common knowledge that stocks that have been listed on the regular market often trade at lower prices in the negotiating market.

Reporter: Intan Nirmala Sari
Editor: Hasbi Maulana
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