Heaptalk, Jakarta — The Indonesia Stock Exchange (IDX) temporarily suspended trading activities following a precipitous decline of approximately 9.19% in the IDX Composite (IHSG) on April 08, which plummeted to 5,912. The dramatic downturn saw 552 listed equities depreciate, while only nine registered gains and 65 remained stagnant.
According to IDX records, the total trading value reached US$114 million, or around Rp1.93 trillion, encompassing 1.59 billion shares across 64,620 transactions. The substantial decline in the benchmark index has concurrently eroded market capitalization, now recorded at US$606 million, Rp10,218 trillion.
In response to the decline, Indonesia IDX, in coordination with Indonesia’s OJK, has revised the trading halt limitation from 5% to 8%. Effective April 8, 2025, these adjustments include changes to the Lower Limit of Auto Rejection—now set at 15% across all ranges for stocks listed on the Main Board, Development Board, New Economy Board, as well as ETFs and Real Estate Investment Trusts (DIREs).
These changes are outlined in the updated Board of Directors’ Decrees: Kep-00002/BEI/04-2025 on the Amendment to the Guidelines for Handling Trading Continuity in Emergency Conditions and Kep-00003/BEI/04-2025 on the Trading of Equity Securities.
Additionally, IDX has updated the criteria for temporary trading halts in response to the IHSG 9% decline, including staged halts at 8% and 15% and a complete trading suspension if the index drops by more than 20%. A trading suspension may be enforced under these conditions until the end of the trading day or for more than one trading session, subject to OJK’s approval or instruction. These regulatory changes aim to mitigate excessive market volatility, ensure fair trading conditions, and give investors sufficient time and information to make informed decisions.
