Due To The Reason For The Average Daily Transaction Value, Exchange Members Reject Normalization Of Stock Trade Hours

Illustration. (Photo: Doc. Antara)

JAKARTA - Stock trading on the Indonesia Stock Exchange (IDX) will not return to what it was before the pandemic, even though President Joko Widodo has revoked the status of the implementation of restrictions on community activities (PPKM) on December 30.

Even based on the survey, the stock exchange members did not want the trading hours to return to normal.

As conveyed by the Chief Executive of the Capital Market Supervisory of the Financial Services Authority (OJK) Inarno Djajadi. Inarno said that his party had asked the IDX to conduct a survey of stock exchange members regarding this matter.

"And it turns out that from the survey conducted on all stock exchange members, most of the stock exchange members want the trading hours not to return to normal," he said at a press conference on the results of the OJK Board of Commissioners' Meeting (RDK) which was held virtually, Monday, January 2.

Inarno manambah, penolakan ini disebabkan setelah jam perdagangan dikurangi, rata-rata nilai transaksi harian (RNTH) malah terpantau semakin meningkat.

"After reducing from 4 o'clock to 3 o'clock, it turns out that the RNTH that occurs does not decrease and even increase," added Inarno.

However, Inarno emphasized that his party will continue to observe and see the existing developments. "That's input from market players," he concluded.

As is known, currently the IDX applies regular market trading hours for session I for Monday-Friday starting at 09:30 WIB and session II starting at 13:00-14:49 WIB.

Meanwhile, before the pandemic took place, the trading hours of the stock exchange began at 00:30 p.m., around the closing of session I and with the closing time at 16:30 p.m. local time.