IDX Confident MSCI, FTSE Will Welcome Rp1 Minimum Share Price<\/p>\n
Reporter<\/p>\n
September 1, 2026 | 04:54 pm<\/p>\n
TEMPO.CO, Jakarta - The President Director of the Indonesia Stock\nExchange (IDX), Jeffrey Hendrik, is optimistic that global index\nproviders (MSCI and FTSE) will respond positively to the adjustment of\nthe minimum price limit for shares traded on the regular and cash\nmarkets from the current Rp50 per share to Rp1 per share.<\/p>\n
He said this confidence was reflected in the positive response from\nmarket players during the socialization and trial of the adjustments,\nwhich were conducted on August 22 and 29, 2026.<\/p>\n
\u201cStarting with our focus group discussions (FGDs), we then conducted\noutreach to stakeholders, and the feedback we received was very\npositive. This means that if the feedback from stakeholders is very\npositive, we certainly hope that MSCI, FTSE, and other global index\nproviders will also respond positively,\u201d Jeffrey said in an interview\nwith reporters at the IDX Building in Jakarta on Tuesday, as quoted by\nANTARA.<\/p>\n
However, he revealed that the regulatory adjustments regarding the\nminimum share price limit were not communicated to global index\nproviders.<\/p>\n
In response to the concerns of global index providers, the IDX\npreviously submitted proposals regarding eight Action Plans for the\nAcceleration of Indonesian Capital Market Reform.<\/p>\n
\u201cBut now, of course, we\u2019re already implementing market reforms, not\njust to address MSCI\u2019s concerns, but also to do what\u2019s best for our\nmarket. We\u2019re not just providing transparency and good governance, but\nalso liquidity and, of course, good price discovery,\u201d Jeffrey said.<\/p>\n
He said that the trial period for adjusting the minimum share price\nlimit from Rp50 to Rp1 per share in the regular and cash markets was\ngenerally quite successful. Eighty-three Exchange Members (ABs)\nexpressed readiness, while eight ABs did not participate.<\/p>\n
\u201cSo, we are currently in intensive communication with Exchange\nMembers who are not yet ready, and we will provide them with assistance.\nWe are aiming for \u2018going live\u2019 in the third or fourth week of September\n(2026). We will be waiting for all Exchange Members to be ready,\u201d said\nJeffrey.<\/p>\n
The IDX conducted a trial with Exchange Members on August 22 and 29,\n2026, to adjust the minimum share price limits in the regular and cash\nmarkets, as well as a new \u201cauto-rejection\u201d classification. The change in\nthe minimum price limit allows shares currently at the Rp50 level to be\ntraded within a wider price range.<\/p>\n
The IDX also estimates that the frequency and value of transactions\ncould increase by around 2-3 times if shares on the Special Monitoring\nBoard and currently traded through \u201ccall auctions\u201d could enter the\nregular market through a \u201ccontinuous auction\u201d mechanism.<\/p>\n
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