5 hours ago
9
March 18, 2025 | 07:05 pm
TEMPO.CO, Jakarta - The House of Representatives (DPR) lawmakers made a surprise visit to the Indonesia Stock Exchange (IDX) following a temporary trading halt on Tuesday, March 18, 2025. The halt was triggered after the Composite Stock Price Index (IHSG) plunged 5.02 percent to 6,146.
Chairperson of the DPR's Commission XI, Mukhamad Misbakhun, stated that the visit aimed to restore market confidence. He emphasized that the DPR fully supports the Financial Services Authority (OJK) and IDX in addressing the market downturn.
"We are here to rebuild market confidence and reassure investors that they have the full backing of the state," Misbakhun said at the IDX building in Jakarta.
Meanwhile, Deputy Chairperson of the DPR Sufmi Dasco Ahmad said that the decline in IHSG is not the first to occur. However, he expressed commitment to support the Indonesia Stock Exchange and reassure the market.
"We reassure the market to remain calm. Then, we will support the government to be present and take necessary steps as quickly as possible to restore the market stability," Dasco said in the same occasion.
Stock trading at the IDX in the first session on Tuesday, March 18, 2025 experienced a temporary halt or trading halt. The IHSG position plunged by 5.02 percent to the level of 6,146.
Corporate Secretary of PT Indonesia Stock Exchange Kautsar Primadi Nurahmad conveyed this through a written statement.
"With this, we inform that today, Tuesday, March 18, 2025, there was a temporary suspension of trading (trading halt) in the trading system of PT Indonesia Stock Exchange (IDX) at 11:19:31 Jakarta Automated Trading System (JATS) time triggered by the Composite Stock Price Index declining by 5 percent."
A trading halt is a policy implemented by the stock exchange to temporarily suspend trading. This measure is taken to address market imbalances, resolve technical issues, or respond to sharp index fluctuations. The exchange enforces this rule to protect investors from potential losses due to extreme price swings.
IHSG started the week on a weak note. According to research by Samuel Sekuritas Indonesia, IHSG dropped 0.99 percent to 6,450.8 by the end of the first trading session on Monday, March 17, 2025, in contrast to global markets, which mostly showed gains.
Domestically, IHSG fluctuated before ultimately slipping into the red.
"By the close of today’s first session, 322 stocks advanced, 303 declined, and 221 remained unchanged, with a transaction value of Rp5.1 trillion, a trading frequency of 656,335, and a volume of 129.7 million lots," Samuel Sekuritas analysts reported on Monday.
Aisha Saidra contributed to the writing of this article.
Editor's Choice: Government Seeks to Soothe Market Turmoil as IHSG Plummets
Click here to get the latest news updates from Tempo on Google News
DPR Ensures Sri Mulyani Will Not Resign, Attributes Stock Index Plunge to Market Sentiment
5 menit lalu
Deputy Speaker of DPR Sufmi Dasco Ahmad affirmed that the rumor about Finance Minister Sri Mulyani resigning is untrue amid plummeting IHSG.
Government Seeks to Soothe Market Turmoil as IHSG Plummets
1 jam lalu
Finance Minister Sri Mulyani presents the positive growth of the state budget. She is trying to calm the panicked market due to the plunging IHSG.
OJK to Unveil New Policy Amid Market Turmoil as IHSG Plummets
1 jam lalu
The Financial Services Authority (OJK) is preparing a new policy to address the declining condition of the IHSG. It will be announced tomorrow.
IHSG Faces Trading Halt Today: First Time Since Covid-19 Crisis
2 jam lalu
IDX implemented a 30-minute IHSG trading halt after the index fell more than 5 percent, before closing at 6,076, down 6.11%.
IDX: Many Factors Contribute to Indonesian Stock Market Plunge
2 jam lalu
IDX chair did not deny that domestic factors also played a role in the significant decrease in the stocks.
Economist Links IHSG Plummet to TNI Bill Revision
4 jam lalu
Economist Celios Nailul Huda mentioned that the TNI Bill revision triggers the plummeting IHSG.
Analysts Reveal Causes of Investors' Panic Selling as IHSG Plummets Sharply
4 jam lalu
If the foreign investor's panic selling continues, Audi warns that the IHSG has the potential to break the psychological level of 6,000.
IDX Temporarily Halts Trading as IHSG Plummets 5 Percent
5 jam lalu
A temporary trading halt has occurred at the Indonesia Stock Exchange (IDX) at 11:19:31 JATS, triggered by a 5 percent decline in the IHSG.
IHSG Plummets as All Sectoral Indices Weaken in First Trading Session
5 jam lalu
Aside from technology stocks, IHSG also faced pressure from the decline of several other stocks, including big cap duo Prajogo Pangestu's BREN and TPIA
Gerindra Officials Respond to Rumors of Sri Mulyani's Resignation
4 hari lalu
Deputy Chairman of the Gerindra Party, Sufmi Dasco Ahmad, dismissed the issue concerning Finance Minister Sri Mulyani's resignation.
