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Stock exchange Abb Region City Market cap (USD bn) Time zone Δ Open hours (local time) Open Close Lunch 2024: Indonesia Stock Exchange: IDX Indonesia: Jakarta: 881.47 [1] [2] WIB +7:00 09:00 16:00 Yes 2024: Singapore Stock Exchange: STI Singapore: Singapore: 609.65 [3] [4] SST +8:00 09:00 17:00 Yes 2024: Stock Exchange of Thailand: SET ...
The IDX Composite (formerly: JSX Composite, Indonesian: Indeks Harga Saham Gabungan, lit. ' Combined Stock Prices Index ' , IHSG ) is an index of all stocks listed on the Indonesia Stock Exchange , IDX (formerly known as Jakarta Stock Exchange , JSX).
Indonesia Stock Exchange (IDX) (Indonesian: Bursa Efek Indonesia (BEI), formerly Dutch: Vereniging voor de Effectenhandel) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX).
The rupiah immediately fell 7%, with foreign money quickly leaving the country. The investor confidence in Indonesia was shaken, and due to previous deregulations, much of the Indonesian stock market was owned by foreign investors. Local confidence in the currency was also undermined as the population followed suit, selling rupiah for dollars.
As a result, the functions of Bapepam changed to become the Capital Market Supervisory Agency. On 22 March 1995, JSX launched the Jakarta Automated Trading System (JATS). In September 2007, Jakarta Stock Exchange and Surabaya Stock Exchange merged to form the Indonesian Stock Exchange by the Indonesian Minister of Finance.
The Jakarta Stock Exchange was the best performing market in Asia in 2004 up by 42%. Problems that continue to put a drag on growth include low foreign investment levels, bureaucratic red tape, and pervasive corruption which causes 51.43 trillion rupiah or (US$5.6 billion) or approximately 1.4% of GDP to be lost annually. [37]
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The Indonesian rupiah (IDR) banknotes denominations in circulation since 2016. There are 50 million small businesses in Indonesia, with online usage growth of 48% in 2010. Google announced that it would open a local office in Indonesia before 2012. [103] According to Deloitte in 2011, Internet-related activities have generated 1.6% of the GDP.