Indonesia Stock Exchange (Indonesian: Bursa Efek Indonesia) is a stock exchange based in Jakarta, Indonesia. It was previously known as Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with Surabaya Stock Exchange (SSX). As of 28 June 2010, the Indonesia Stock Exchange had 341 listed companies with a combined market capitalization of $269.9 billion. On May 23, 2011 the Indonesia Stock Exchange increasing the number of issuers at the exchange to 425. In November 2011, Indonesian Stock Exchange market capitalization was $400 billion or 50.48 percent of Gross Domestic Product (GDP), while U.S. ratio was 100 percent and Singapore with 170.82 percent.
Currently, the highest intraday record held by the Index is at 4,320.59 points on October 5, 2012, while it also managed to close at an all time-high of 4,311.31 points on the same day.
Currently opens from 9:30 a.m. to 4:00 p.m. local time, but since March 2011 has made rehearsal opens since 9:00 a.m. at the weekends when the bourse closed. The plan to open trading earlier is to accommodate trading hours which fund managers setting strategies based on Singapore and Hong Kong stock exchange. In November 2012, IDX has got approval from the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) for its plan to start stock trading 30 minutes earlier and to avoid price manipulation will implement pre-closing period from 3:55 p.m. to 4:00 p.m. and the post-closing period from 4:00 p.m. to 4:15 p.m. Its will initial implement in the first day trading of 2013.
Read more about Indonesia Stock Exchange: History, Stock Indices, Merger, Figures
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