Indonesia Stock Exchange removes 50 Rupiah minimum share price floor
1 report, 1 independent
Updated Mon 00:00
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What happened
The Indonesia Stock Exchange's composite index fell 1.51% on Monday, marking the first trading day without a 50 rupiah minimum share price. This regulatory change affected the market structure of the exchange. The move impacted stocks trading at or below 50 rupiah, including the technology company GoTo Gojek Tokopedia.
From nikkei.com
Why it matters
The removal of the price floor affects the trading rules for companies listed on the exchange. This change impacts the market liquidity and the trading parameters for stocks priced below the minimum threshold.
From nikkei.com
Who's involved
- IndonesiaGeopolitical state where the Indonesia Stock Exchange operates
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The entities involved
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Indonesia
island country in Southeast Asia and Oceania