BEI triggers trading halt after Jakarta Composite Index drops 8%
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- BEI temporarily halted trading after the IHSG fell 8% in the early session, triggering the exchange’s circuit-breaker mechanism.
- The benchmark IHSG dropped to 7,654.66, while the LQ45 fell 7.66% to 750.25.
- Trading was set to resume at 09:56 JATS, with halt and suspension thresholds set at 8%, 15%, and 20% intraday declines.
The Indonesia Stock Exchange (Bursa Efek Indonesia/BEI) temporarily halted trading on Thursday at 9:26 a.m. Jakarta Automated Trading System (JATS) time after the benchmark Jakarta Composite Index (IHSG) fell by 8 percent.
In the first session at 9:26 a.m. WIB, the IHSG was down 665.89 points, or 8.00 percent, to 7,654.66.
Meanwhile, the LQ45 index, which tracks 45 blue-chip stocks, slid 62.28 points, or 7.66 percent, to 750.25.
Trading was scheduled to resume at around 9:56 a.m. JATS time, with no changes to the day’s trading timetable.
Current trading halt rules
Under prevailing rules, the exchange will take the following measures if the IHSG falls within the same trading day:
1. A 30-minute trading halt if the IHSG drops by more than 8 percent
2. A further 30-minute trading halt if the IHSG extends losses to more than 15 percent
3. A trading suspension if the IHSG extends losses to more than 20 percent, effective until the end of the trading session or for more than one session, subject to approval from or an order by the Financial Services Authority (OJK)
The adjustment to the trading halt mechanism is intended to provide broader liquidity room for investors as they determine their investment strategies based on available information.
The trading halt provisions are stipulated in the Board of Directors Decree dated April 8, 2025, No. Kep-00002/BEI/04-2025 on amendments to the guidance for maintaining trading continuity on the Indonesia Stock Exchange under emergency conditions, and No. Kep-00003/BEI/04-2025 regarding Regulation No. II-A on equity securities trading.
Indonesianpost.com | Antara
