Indonesian Exchange Closure March 2026: Adjustments to Stock Trading, Mutual Funds, Digital Gold, and SR024

Investors entering mid-March 2026 must note a prolonged holiday schedule affecting financial market activities. The Indonesian Stock Exchange (BEI) has designated 18–24 March 2026 as an operational closure coinciding with joint leave for Nyepi Day and the celebration of Eid al-Fitr 1447 Hijrah.

During this period, stock trading at BEI will not take place and the calculation of Mutual Fund Net Asset Value (NAB) will not occur, as these are only calculated on trading days. This will impact the settlement of stock transactions and mutual fund redemptions for investors.

However, several investment services remain accessible. Digital gold transactions on the Bareksa Investment Super App can still be conducted according to each partner’s terms and conditions. Additionally, investors can continue to order Government Securities (SBN) online, including Sukuk Ritel SR024 issued by Indonesia’s Ministry of Finance. The offering period for this Islamic instrument extends until 15 April 2026, allowing orders to be placed throughout the offering period.

Stock Trading: Following BEI schedule, no trading occurs during exchange closure. Transactions completed before the closure will settle within two subsequent trading days. Investors can still place orders using Auto Order features (GTC/GTD) for automatic execution when the Exchange reopens. Since BEI does not operate on 18–24 March 2026, settlement and investment transaction processes will adjust to the next trading day.

For example, a stock sale on 17 March 2026 will result in funds entering the customer securities account (RDN) on 26 March 2026. Fund withdrawal from RDN to personal accounts follows cut-off time procedures with one trading day processing. Withdrawals requested on 16 March before 15:00 WIB enter personal accounts on 17 March, whilst those after 15:00 WIB arrive on 25 March.

Mutual Fund Transactions: These follow trading days; NAB is calculated on trading days with a 13:00 WIB cut-off time. Transactions after cut-off time or during exchange closure are processed on the next trading day. Purchases and switching enter the portfolio after NAB becomes effective. Redemptions clear within T+7 trading days (though typically faster depending on fund type).

For purchases or switches on Tuesday, 17 March before 13:00 WIB, the 17 March NAB applies with portfolio entry by Wednesday, 25 March. Transactions after 13:00 WIB on 17 March through 13:00 WIB on 25 March use the 25 March NAB with portfolio entry on 26 March.

For redemptions on 17 March before 13:00 WIB using the 17 March NAB, funds arrive within T+7 trading days by 2 April 2026. Redemptions after 13:00 WIB on 17 March through 13:00 WIB on 25 March use the 25 March NAB with funds clearing by 6 April 2026. However, fund payouts typically occur faster, especially for money market and fixed income funds, usually within T+1 to T+2 trading days depending on investment manager and custodian bank policies.

Digital Gold Transactions: Bareksa partners with Pegadaian, Treasury, and Indogold to provide secure Bareksa Gold services. Digital physical gold transactions can be conducted at any time, 24 hours daily and 7 days weekly without being affected by holidays. Transaction values for gold purchases are immediately visible upon payment. Gold purchases during joint leave can use e-money and virtual accounts, as bank transfer methods are unavailable during closure.

Gold sales can proceed via the application during holidays, though fund payouts are processed on the next trading day with funds arriving within T+2.

SR024 Sukuk Purchase Transactions Remain Available: The government through Indonesia’s Ministry of Finance offers Retail Government Sukuk (SR) series SR024 with an offering period from 6 March – 15 April 2026. During this period, investors can place orders online 24 hours daily and 7 days weekly.