{
    "success": true,
    "data": {
        "id": 1859419,
        "msgid": "idx-adds-price-impact-ratio-criterion-for-high-shareholding-concentration-stocks-1784033703",
        "date": "2026-07-14 19:01:29",
        "title": "IDX Adds 'Price Impact Ratio' Criterion for High Shareholding Concentration Stocks",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesia Stock Exchange (IDX) has introduced a new 'Price Impact Ratio' criterion to identify stocks with a market capitalisation above Rp10 trillion that may have a high concentration of shareholding. The ratio measures price changes against trading velocity, flagging stocks with low transaction volumes but significant price swings for further screening. This reform has increased the number of stocks in the High Shareholding Concentration (HSC) category from 14 to 37.",
        "content": "<p>\u201cThis is part of the ongoing reforms we continue to carry out to\nensure orderly, fair and efficient transactions remain available on the\nIndonesia Stock Exchange.\u201d<\/p>\n<p>Jakarta (ANTARA) - PT Bursa Efek Indonesia (IDX) has added a Price\nImpact Ratio criterion for determining which shares with a market\ncapitalisation above Rp10 trillion fall into the High Shareholding\nConcentration (HSC) category.<\/p>\n<p>\u201cWe are adding one criterion, namely the Price Impact Ratio\ncriterion, for all shares with a market capitalisation above Rp10\ntrillion. For shares with a high Price Impact Ratio, screening will be\nconducted for indications of High Shareholding Concentration or\notherwise,\u201d said IDX Chief Executive Officer Jeffrey Hendrik during a\npress conference at the IDX building in Jakarta on Tuesday.<\/p>\n<p>Jeffrey explained that the Price Impact Ratio takes into account the\nshare\u2019s price movement relative to its velocity, which is calculated\nfrom the average transaction volume against the number of shares\navailable to the public (free float).<\/p>\n<p>This means shares with low transaction volume activity will naturally\nproduce low velocity, and with low velocity but large price movements,\nthe result will be a high Price Impact Ratio.<\/p>\n<p>\u201cIt is on these shares that we will conduct screening for the\npotential existence of High Shareholding Concentration. Certainly, other\ntrigger factors related to supervisory activities will continue to be\ncarried out,\u201d said Jeffrey.<\/p>\n<p>He explained that the Price Impact Ratio criterion for all shares\nwith a capitalisation above Rp10 trillion will be applied periodically\nevery three months, following the evaluation cycle of the main indices\non the IDX.<\/p>\n<p>Alongside the new criterion, Jeffrey revealed that 37 shares have\nnewly entered the HSC category, bringing the total number of HSC shares\nto 51, up from 14 previously.<\/p>\n<p>The IDX will shortly announce the 51 shares in the HSC category.<\/p>\n<p>\u201cThis is part of the ongoing reforms we continue to carry out to\nensure orderly, fair and efficient transactions remain available on the\nIndonesia Stock Exchange,\u201d he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/idx-adds-price-impact-ratio-criterion-for-high-shareholding-concentration-stocks-1784033703",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}