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PT GoTo Gojek Tokopedia Tbk, trading as GoTo, is an Indonesian technology company. The company was formed in 2021 in a merger — the largest in the country at that time — between two major startups: the ride-hailing company Gojek and the e-commerce firm Tokopedia.

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economy1 d ago

Indonesia Stock Exchange removes 50 rupiah minimum share price, impacting stocks including GoTo

According to Nikkei Asia, the Indonesia Stock Exchange (IDX) composite index fell 94.03 points, or 1.51%, on Monday, its first trading day without a 50 rupiah minimum share price, sending more than 40 stocks trading at or below 50 rupiah, including GoTo Gojek Tokopedia. Liquidity has improved, but some major companies faced downward price pressure.

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Indonesia Stock Exchange removes 50 rupiah minimum share price, impacting stocks including GoTo

economy1 d ago

coda.news AI summary

More than 40 stocks traded at or below 50 rupiah on Monday.
IDX composite index fell 94.03 points, or 1.51%.
The decline occurred on the first trading day without the 50 rupiah minimum share price.
GoTo Gojek Tokopedia is among the stocks affected.

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Nikkei AsiaRead original ↗