Complete Guide to the Bizhare Secondary Market March 2026

The Bizhare Secondary Market for March 2026 is officially open, offering investors a fresh opportunity to expand their portfolio of business shares.

In accordance with the latest provisions under OJK Regulation (POJK) No. 17 of 2025 concerning securities trading on the secondary market, trading periods are held in March, June, September and December.

Dozens of quality issuers with proven performance are ready for selection. Below is a complete guide before getting started.

About the Bizhare Secondary Market — March 2026 Period

The Bizhare Secondary Market is a regular event organised by Bizhare, where investors can conduct Bid and Offer transactions on shares safely and conveniently. During the event, investors have the opportunity to buy and sell shares in their preferred businesses directly through the Bizhare platform.

This secondary market session will run from 2–13 March 2026 between 09:00 and 16:00 Western Indonesia Time (WIB), featuring 74 issuers that have met the eligibility requirements — namely that securities must have been distributed at least one year prior to trading and must not be subject to any ongoing Bizhare corporate action.

Credibility and Transaction Security on the Bizhare Secondary Market

All share ownership is recorded scriplessly at the Indonesian Central Securities Depository (KSEI) and Custodian Banks, the official securities depository institutions in Indonesia.

Investment portfolios can be monitored directly through a KSEI AKSes account.

Provisions for the Bizhare Secondary Market — March 2026 Period

Under the provisions of POJK 17/2025, the following conditions apply to the Bizhare Secondary Market:

• Only applicable to equity securities in the form of shares that have been distributed at least one year prior to trading.
• Trading may only be conducted between investors registered with the Platform Operator.
• Trading may only take place in March, June, September and December.
• The minimum interval between one trading period and the next is three months.

Under Bizhare’s internal provisions, the following conditions also apply:

• The issuer must not be undertaking any material corporate action.
• The issuer must not be facing any material legal issues.
• The issuer’s business must be active and operational.
• The issuer must comply with information disclosure obligations to investors, as well as administrative and reporting requirements.

Determination of the Cum Date

The Cum Date (Cumulative Date) is the final date within the secondary market trading period designated as the recording basis for determining which investors are entitled to corporate actions carried out by the issuer. Such corporate actions include, but are not limited to:

• Dividend distributions;
• Yield distributions; and/or
• Other rights as stipulated by the issuer’s provisions and prevailing regulations, including OJK regulations on Securities Crowdfunding.

On the Cum Date, any share purchase transaction is still deemed to include entitlement to the relevant corporate action. Accordingly, investors recorded as shareholders who do not sell their securities up to and including the Cum Date will be recognised as parties entitled to receive benefits, distributions and/or other rights granted by the issuer under the applicable provisions.

The Cum Date for the March 2026 trading period is 13 March 2026 at 16:00 WIB.

Transaction Mechanism on the Bizhare Secondary Market

• Ensure you have registered as a user, completed verification, filled in your account profile and provided a digital signature on the Bizhare application or website.
• If by 16:00 WIB there remain unmatched Offer and Bid transactions, they will be automatically reset by the system, and you may place new Offer and Bid orders on the following day.
• Share price changes in secondary market transactions will adjust according to the Last Price, being the final Offer and Bid transaction price for each day.
• Upper Auto Rejection (ARA): Maximum price increase of 10 per cent from the opening price, subject to change following review by the Platform Operator.
• Lower Auto Rejection (ARB): Maximum price decrease of 1 per cent from the opening price, subject to change following review by the Platform Operator.

Bid Mechanism

There are several points investors must note when placing a bid on the Bizhare Secondary Market:

• Investors may place a bid through the Secondary Market feature available on the official Bizhare platform, provided their account is registered, verified and their profile completed in accordance with applicable requirements.
• Investors may submit a purchase bid at a price within the Upper Auto Rejection (ARA) and Lower Auto Rejection (ARB) limits set by the system.
• To increase the likelihood of a transaction being matched, investors may set a bid price equal to the prevailing offer price in the system.
• The bid submission procedure follows the steps available within the Secondary Market feature on the Bizhare platform.
• If a bid is not matched by the close of trading on the same day, the investor’s funds will be returned in full (100 per cent) to their securities balance at 16:00 WIB. The balance may then be used for subsequent investment transactions.
• If a bid is successfully matched with an offer, the investor will be charged a service fee of 5 per cent of the total transaction value, consistent with the fee applicable at the time of the initial offering.