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IDX Returns to 15% Threshold of Limit-Down Rule 

The Jakarta Globe
June 5, 2023 | 12:30 pm
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A man watches trading stats at the Indonesia Stock Exchange. (David Gita Rosa)
A man watches trading stats at the Indonesia Stock Exchange. (David Gita Rosa)

Jakarta. The Indonesia Stock Exchange on Monday began to reimpose the previous threshold that will activate the circuit breaker for individual stocks whose share prices decreased by 15 percent.

The limit-down rule relaxed the previous threshold of a 7 percent decline in share prices imposed during the Covid-19 pandemic.

At least five stocks immediately faced auto rejection in the queue for Monday’s trading under the “normalized” threshold.

They include GoTo Gojek Tokopedia (GOTO) whose share price fell by 14.97 percent to Rp 125, Maskapai Reasuransi Indonesia (MREI) with a 14.92 percent decline to Rp 3,080, Saptausaha Gemilangindah (SAGE) whose share price down by 14.88 percent to Rp 103, and Jaya Swarasa Agung (TAYS) which dropped by 14.29 percent to Rp 96.

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While the limit-down rule is applied uniformly, the threshold in the limit-up rule varies depending on the share price.

According to the IDX, the limit-up rule is set at 35 percent for share prices between Rp 50 and Rp 200, 25 percent for share prices above Rp 200 to Rp 5,000, and 20 percent for share prices higher than Rp 5,000.

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