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GoTo slides as Indonesia exchange removes 50 rupiah price floor

GoTo slides as Indonesia exchange removes 50 rupiah price floor

While liquidity has improved, some major companies face downward pressure on stock prices

20260928IDX

More than 40 stocks on the Indonesia Stock Exchange’s composite index, which comprises around 900 listed companies including technology company GoTo Gojek Tokopedia, traded at or below 50 rupiah on Monday. © Reuters

REZHA HADYAN

JAKARTA — The Indonesia Stock Exchange’s (IDX) composite index fell 94.03, or 1.51%, on Monday, its first trading day without a 50 rupiah (0.3 cents) minimum share price, sending some stocks sharply lower, including technology company GoTo Gojek Tokopedia.

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