Anticipating The Fall Of The JCI Will Not Continue, The IDX Will Gather Market Perpetrators

JCI (Photo: Doc Antara)

JAKARTA - President Director of the Indonesia Stock Exchange (IDX), Iman Rachman, said he would prepare several steps related to the decline in the Composite Stock Price Index (JCI) in recent times.

Iman said that his party will continue to coordinate with various parties, including the Financial Services Authority (OJK) and other market players to find solutions that can be applied in order to stabilize the market.

"We are not silent. We will see steps that can be taken. Next Monday, we will gather market participants. As SRO, we have a role in this ecosystem, and we will discuss with the perpetrators what can be done," he told the media crew, Friday, February 28.

Meanwhile, Iman conveyed one of the steps being considered, namely policies related to short selling and its impact on the market, therefore his party will also hear input from market players regarding this policy that can be applied and to what extent.

He also emphasized the importance of bringing positive news to attract the attention of foreign investors in order to continue to have confidence in the Indonesian capital market, because if it looks only bad news, they tend to choose to wait and see.

To note, the movement of the Composite Stock Price Index (JCI) closed at the level of 6,300.14 down 2.86 percent in today's session I trading, Friday, February 28 and experienced a significant decline of more than 7 percent in the past week.