- IDX abolished the 50 rupiah (0.3 cents) minimum share price, ending a floor that had supported the most beaten-down listings on the composite index of roughly 900 companies.
- The composite index dropped 94.03 points, or 1.51%, on the first trading day without the floor, with GoTo Gojek Tokopedia falling sharply.
- More than 40 IDX-listed stocks traded at or below 50 rupiah on Monday, exposing names that previously sat pinned at the old floor.
- The report frames the change as a trade-off: liquidity has improved, but major companies now face direct downward pressure on their share prices.
Quotes
“While liquidity has improved, some major companies face downward pressure on stock prices”
“The Indonesia Stock Exchange's (IDX) composite index fell 94.03, or 1.51%, on Monday, its first trading day without a 50 rupiah (0.3 cents) minimum share price, sending some stocks sharply lower, including technology company GoTo Gojek Tokopedia.”