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IDX begins trial to lower stock price floor to Rp 1 – Markets

IDX begins trial to lower stock price floor to Rp 1 – Markets

he Indonesia Stock Exchange (IDX) has started trials with exchange members to drop the minimum stock price floor from Rp 50 (0.28 US cents) to just Rp 1, ensuring readiness among the members and securities firms for the upcoming changes.

ā€œOverall, it went quite well. There are about eight members of the bourse that have yet to participate. We will follow up with them in the next trial,ā€ IDX president director Jeffrey Hendrik told reporters on Friday, as quoted by Detik Finance.

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