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.
Key facts
- 01More than 40 stocks traded at or below 50 rupiah on Monday.
- 02IDX composite index fell 94.03 points, or 1.51%.
- 03The decline occurred on the first trading day without the 50 rupiah minimum share price.
- 04GoTo Gojek Tokopedia is among the stocks affected.
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