JAKARTA. Indonesia Stock Exchange (IDX) is likely to remove the bottom price at Rp 50 per share in the first semester of 2017. In other words, it is possible that the price of a share may drop to Rp 0 per a share. IDX has conducted mock trading on the impact of the revomal the lowest price to Jakarta Composite Index (JCI). The result of the mock trading suggested that the removal does not bring significant impact to the JCI, on the grounds that there are only few shares with the price of Rp 50 per a share. “The index only dropped by 0.15%. The mock trading itself was using the existing price fraction,” said Director of IDX Hamdi Hassyarbaini, Thursday (1/12). This has also led IDX to delay to create penny stock board. “The cost is too high for only ten shares so that they will be included under the existing board,” Hamdi said.
Share price may drop to Rp 0
JAKARTA. Indonesia Stock Exchange (IDX) is likely to remove the bottom price at Rp 50 per share in the first semester of 2017. In other words, it is possible that the price of a share may drop to Rp 0 per a share. IDX has conducted mock trading on the impact of the revomal the lowest price to Jakarta Composite Index (JCI). The result of the mock trading suggested that the removal does not bring significant impact to the JCI, on the grounds that there are only few shares with the price of Rp 50 per a share. “The index only dropped by 0.15%. The mock trading itself was using the existing price fraction,” said Director of IDX Hamdi Hassyarbaini, Thursday (1/12). This has also led IDX to delay to create penny stock board. “The cost is too high for only ten shares so that they will be included under the existing board,” Hamdi said.