JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said the action of "frying" the shares by irresponsible parties would not affect the share price if the issuer's free float limit and liquidity was large.
Likewise, he said, the action of "frying" the shares will easily affect the share price if the issuer's free float and liquidity limits are small.
"If the liquidity and trade are too thin and of course things related to the formation of market prices are very easy to influence. That must be thicked, including increasing free float," Mahendra said as quoted by ANTARA, Thursday, December 4.
Ddengan free float besar dan aktivitas perdagangan semakin lebih lebar, menurut dia, maka tidak mudah untuk memengaruhi harga lagi.
Along with that, OJK together with the IDX have submitted a proposal to increase the free float limit for continuous listing observations from 7.5 percent to a minimum of 10-15 percent in accordance with the market capitalization value, which has been approved by Commission XI of the DPR RI.
His party promised that issuers who raise the free float limit will be given fiscal incentives in the form of corporate Income Tax relief (PPh).
Furthermore, Mahendra ensured that the OJK would take action against irresponsible parties who carried out the act of "frying" the shares.
"We have been continuously briefing sanctions, penalties, and penalties that we convey at all times," said Mahendra.
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Dalam kesempatan ini, Menteri Keuangan Purbaya Yudhi Sadewa memberikan janji akan menyalurkan insentif fiskal dalam rangka memperbanyak investor ritel di pasar saham Indonesia.
Namun demikian, dia mensyaratkan bahwa OJK dan BEI harus melakukan perbaikan, salah satunya membereskan aksi "goreng-menggoreng" saham yang merugikan investor ritel dalam waktu 6 bulan.
"Kalau kita lihat 6 bulan, dilengkapin enggak, ada yang dihukum atau enggak, nanti kita lihat. Kalau ada action yang clear bahwa penggoreng saham itu dikenakan sanksi, baru kita kasih insentif ke investor," ujar Purbaya.
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On this occasion, Minister of Finance Purbaya Yudhi Sadivewa promised to distribute fiscal incentives in order to increase retail investors in the Indonesian stock market.
However, he requires that OJK and IDX make improvements, one of which is cleaning up a share "frying" that harms retail investors within 6 months.
"If we look at it for 6 months, whether it is equipped, whether someone is punished or not, we will see later. If there is a clear action that the stock frieder is subject to sanctions, then we will give incentives to investors," said Purbaya.
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