JAKARTA – The Indonesian Stock Exchange (IDX) will still implement a trading halt to anticipate the fall in the Jakarta Composite Index (JCI)IHSG). The trading halt is carried out if the JCI drops greatly due to regional restrictions due to the spread of Covid-19.
This is because the regional government is currently tightening micro PPKM in the red zone, especially Jakarta in the critical condition of Covid-19 and Bandung Siaga 1 Covid-19.
The IDX has implemented provisions regarding trading halts for trading on the Exchange. As for the decision letter of the Board of Directors of the Indonesia Stock Exchange Number: Kep-00024/BEI/03-2020 dated March 10, 2020 regarding Changes in the Guidelines for Handling Continuity of Trading on the Indonesia Stock Exchange in Emergency Conditions, and in order to maintain orderly, fair and efficient securities trading. ,
“We are still implementing the policy, it hasn’t changed,” said IDX President Director Inarno Djajadi MNC Portal Indonesia, Thursday (17/6/2021).
Also Read: IDX Boss Calls Halt Trading Powerful to Resist the Fall of the JCI Influenced by Corona
Meanwhile, IDX Director of Trading and Membership Arrangements Laksono W Widodo also said that currently the Exchange is still implementing the same policy since the beginning of the Covid-19 pandemic.
“The trade parameters during the pandemic that have been effective since March 2020 are still valid today,” he said.
Laksono added that trading conditions in the Indonesian capital market amid the increase in the positive number of Covid-19 tended to increase in value.
“Trade in value tends to increase since May until now. Foreigners have started to enter again in the last two months,” he said.
