Jakarta. The latest transparency move by the Indonesia Stock Exchange (IDX) and Indonesia Central Securities Depository (KSEI) is expected to strengthen the credibility of the national capital market.

IDX and KSEI have begun publishing share ownership data of listed companies with stakes above 1%. The policy is a follow-up on a related Financial Services Authority (OJK) decree. KSEI will provide the data ownership that will be made public monthly on the IDX's official website.

According to IDX President Director Jeffrey Hendrik, this step is part of an ongoing effort to increase transparency and strengthen governance in the Indonesian capital market.

"Strengthening the quality of market data is part of a long-term commitment to building a credible and trustworthy Indonesian capital market. With improved information disclosure, it is hoped that trust, integrity, and credibility in the national capital market will be strengthened," Jeffrey said Monday.

Information disclosure of share ownership has also become a common practice to good corporate governance (GCG) principles. This is expected to put the capital market increasingly in line with international standards that emphasize transparency, accountability, and investor protection. Such transparency also ensures that the data is easily accessible, structured, and relevant to investors' needs, according to IDX.

For investors, the availability of more detailed share ownership data can serve as an additional reference for conducting fundamental analysis. This information can be combined with financial reports, profit performance, cash flow, and industry prospects to generate more comprehensive investment decisions.

Transparency also plays a crucial role in strengthening market integrity. When information is openly and equally available to all market participants, the potential for information asymmetry can be minimized, allowing the stock price formation mechanism on the stock exchange to operate more fairly.

This step also emphasizes the IDX's role not only as a securities trading organizer, but also as an institution actively promoting the strengthening of governance and investor protection.

"Strengthening the quality of market data is part of a long-term commitment to building a credible and trustworthy Indonesian capital market," Jeffrey said.