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Jakarta Post

IDX will start trading day earlier in January

  • The Jakarta Post

Jakarta   /   Fri, November 2 2012   /  10:55 am

The Indonesia Stock Exchange (IDX) has obtained approval from the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) for its plan to start stock trading earlier and to implement a pre-closing and post-closing mechanism.

“The decree has been signed by the Bapepam-LK head,” Bapepam-LK chief for transactions and securities firms Yunita Linda Sari said on Thursday.

Under the new regulation, the IDX will start trading 30 minutes earlier with the opening bell now ringing at 9 a.m. The new hours aim to reduce the gap between IDX’s trading hours and other stock exchanges in Asia.

Neighboring countries’ stock exchanges such as Singapore Exchange (SGX) and Bursa Malaysia (MYX) begin trading at 9 a.m. local time (8 a.m. Jakarta time).

Tokyo Stock Exchange (TSE) launches daily trading at 9 a.m. local time (7 a.m. Jakarta time) while the Hon...