Stock Minimum Price Limit Removed, JCI Opens Lower at 6,209 Level
The Indonesia Composite Index (JCI) opened weaker in trading on Monday (28/9/2026). This decline continues a negative trend, opening at the 6,209.75 level, slightly lower than the previous close of 6,241.89.
During today’s trading session, the JCI moved within a relatively narrow range, with the highest level recorded at 6,209.96 and the lowest at 6,180.60. The consistent downward movement of the index since the start of the session indicates that selling pressure dominated the market throughout the day.
In terms of trading activity, the transaction volume was recorded at 2.01 billion shares, significantly below the average daily volume of 17.44 billion shares. Nevertheless, the transaction value remained quite significant at Rp443.99 billion, with 20.13 million lots traded.
Indonesian financial markets slumped last week amidst increasing global uncertainty and concerns regarding ‘higher for longer’ interest rates. The Indonesian financial market is expected to remain under pressure this week.
The Indonesia Composite Index (JCI) closed last week’s trading on Friday (25/9/2026) with poor performance. On Friday, the JCI closed down 0.90% or 56.71 points to the 6,241.89 level. The market capitalisation of the Indonesia Stock Exchange (IDX) also stood at Rp10,929 trillion.
Pressure also came from foreign investors. In Friday’s trading, foreign investors recorded a net sell of Rp559.08 billion. Throughout last week, net selling was recorded at Rp3.16 trillion, which was higher than the previous week’s net sell of Rp2.96 trillion. Consequently, the accumulated foreign net sell throughout 2026 has reached Rp77.52 trillion.
In the currency market, the rupiah was the most pressured currency in Asia last week. The Garuda currency did strengthen by 0.03% in the final trading session of last week, Friday (25/9/2026), to the position of Rp17,880/US$. However, overall, the rupiah weakened by 0.85% over the week.
On another note, the Indonesia Stock Exchange (IDX) has officially changed the minimum price limit for stock trading in the regular and cash markets. Starting Monday, 28 September 2026, the lowest stock price, which was previously set at Rp50 per share, will be reduced to just Rp1 per share.
This policy allows stocks that have previously been at the Rp50 level to be traded at lower prices. This change applies through the trading mechanism in both the regular and cash markets.
In conjunction with this, the IDX has also adjusted the Auto Rejection (AR) limits for Equity Securities and Infrastructure Investment Funds (DINFRA) traded in the regular and cash markets. The primary adjustment is the change in the minimum price limit from the original Rp50.00 to Rp1.00. This adjustment to the minimum price limit is accompanied by adjustments to the applicable Auto Rejection limits.
“With this change, stocks that were previously at the Rp50.00 price can be traded within a wider price range to improve the quality of price discovery, encourage increased liquidity, and provide flexibility for market participants in managing their investment portfolios,” as quoted from an official IDX statement on Monday (21/9/2026).
This regulatory change is governed by two IDX Board of Directors’ Decrees. Both were issued today and will come into effect on Monday (28/9/2026).
As for the Auto Rejection Upper (ARA) and Auto Rejection Lower (ARB) provisions applicable until 31 December 2026, the asymmetric ARB of 15% for Equity Securities with prices above Rp10 will be maintained. Meanwhile, in line with the adjustment of the minimum price limit to Rp1, for securities with a price range of Rp1 to Rp10, the ARA and ARB limits are set at Rp1. Furthermore, starting 1 January 2027, ARB provisions will return to being symmetric according to the price range.