GoTo Plunges 14% as IDX Lowers Minimum Price Cap - Markets
12 Articles
12 Articles
Indonesia has drastically reduced the minimum price for shares listed on the stock exchange, from 50 rupiah to 1 rupiah from Monday. The move is aimed at improving liquidity and avoiding a possible MSCI downgrade in one of the world's worst-performing stock markets, the Financial Times reports. We will also be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is com…
GoTo plunges 14% as IDX lowers minimum price cap - Markets
Several other stocks were also affected by the price floor change and hit the lower auto-rejection limit, including property developer PT Lippo Karawaci and PT Repower Asia Indonesia, as well as rice producer PT Buyung Poetra Sembada.
Shares that had previously been stuck at the gocap level can now be traded below Rp50 to Rp1.
The Jakarta Composite Index (JCI) closed down 1.51 percent to 6,147.86 on Monday. The Iran-US conflict, oil prices, and rising US bond yields weighed on the market.
https://www.law-justice.co/detail.php?ID=211120At the close of trading session I, Monday (28/9) afternoon after the lowest share price limit of Rp1 in the regular market and cash market was officially implemented, the Composite Stock Price Index (IHSG) weakened by almost 1 percent.
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