Fri, 15 Sep 2000

Stock clearing at SSX halted

JAKARTA (JP): The Indonesian Central Securities Depository (KSEI) and the Indonesian Clearing and Settlement Agency (KPEI) said on Thursday they would halt all clearing and settlement activities at the Surabaya Stock Exchange (SSX) until trading at the Jakarta Stock Exchange resumed.

A joint statement by KPEI, KSEI and SSX said that although trading at the Surabaya bourse was not affected by Wednesday's bomb blast, they would have to halt all clearing and settlement activities.

"All clearings and settlements for transactions at the SSX after Sept. 14, 2000 would be done simultaneously with the reopening of the JSX," the statement said as quoted by Antara news agency.

JSX suspended its trading on Wednesday after a car bomb in the bourse's parking lot exploded.

Although JSX's trading system is intact, the building owner said the bourse would remain closed until Monday at the earliest, due to safety concerns and repairs of the building's pipeline system. (bkm)