IDX Revision Of Rules, Conducts Halt Trading If JCI Drops 8 Percent

JCI (Photo: Doc Antara)

JAKARTA PT Bursa Efek Indonesia (IDX) announced that it had changed the temporary suspension of trading halt from 5 percent to 8 percent so that if the Composite Stock Price Index (JCI) decreased by 8 percent, a 30-minute trading rate would be carried out.

The announcement of the change was made in order to ensure that the Stock Trading can run regularly, fairly, and efficiently, the IDX with the support of the Financial Services Authority (OJK) made adjustments to the Decree of the Directors of the Exchange Number Kep-00196/BEI/12-2024 regarding Amendments to Regulation II-A concerning Equity-Efficient Trading and Decree of the Directors of the Exchange Number Kep-00024/BEI/03-2020 concerning Changes in Guidelines for the Management of Trade on the Indonesia Stock Exchange in Emergency Conditions.

The adjustment was made to the provisions for the temporary suspension of Stock trading and the limitation of the percentage of Lower Auto Rejection as stated in the Board of Directors Decree dated April 8, 2025 Number: Kep-00002/BEI/04-2025 concerning Changes in the Guidelines for the Handling of Trade in the Indonesia Stock Exchange in Emergency Conditions and Decree-200000/BEI/04-2025 concerning Regulation Number II-A concerning Equity-Stricken Trading.

The two decrees will take effect on Tuesday, April 8, 2025.

The percentage limit for Lower Auto Rejection is adjusted to 15 percent for Stocks in the form of shares in the Main Board, Development Board, and New Economic Papan, then Exchange-Trad Fund (ETF), as well as Real Estate Investment Funds (DIRE) for the entire price range.

Meanwhile, the provision for the temporary suspension of trading The effect is adjusted in case of a decrease in the Composite Stock Price Index (JCI) in the same 1 day of the Exchange, the Exchange carries out trading-stop actions for 30 minutes if the JCI decreases by more than 8 percent.

Then, trading stop for 30 minutes if the JCI experienced a further decline of more than 15 percent, and trading suspension if the JCI experienced a further decline of more than 20 percent with the provision that until the end of the trading session or more than 1 trading session after obtaining approval or order from the OJK.

The Lower Auto Rejection percentage adjustment is made to maintain market volatility and ensure investor protection.

Meanwhile, adjustments to the provisions for the implementation of the temporary suspension of securities trading were carried out as an IDX effort to provide a wider liquidity space for investors in determining investment strategies taking into account existing information.

In implementing this policy, the IDX has also considered best practices at www.idx.co.id exchanges in the world and is paying attention to market participants' input.