Indonesia Stock Exchange Plans to Scrap 50 Rupiah Minimum Price for Listed Stocks
The Indonesia Stock Exchange (IDX) plans to scrap the 50 rupiah (approximately 28 U.S. cents) minimum share price for listed stocks. The exchange stated this move aims to improve liquidity and allow prices to better reflect market valuations. IDX President Director Jeffrey Hendrik confirmed discussions with market participants but declined to provide details on when the changes would take effect.
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