9 hours ago
11
March 18, 2025 | 05:40 pm
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) is preparing to introduce a new policy in response to recent market turbulence. Inarno Djajadi, Chief Executive of Capital Market Supervision, Derivative Finance, and the Carbon Exchange at OJK, announced that the policy will be unveiled on Wednesday, March 19, 2025, at 10:00 AM.
"We have formulated several policies to address the current market conditions. If all goes well, we will announce one of them tomorrow," Inarno stated during a press conference at the Indonesia Stock Exchange (IDX) in South Jakarta on Tuesday, March 18, 2025.
He also noted that the House of Representatives fully supports OJK’s efforts to maintain market stability.
The announcement follows mounting pressure on the Composite Stock Price Index (IHSG). During today’s trading, the IHSG dropped to its 5 percent lower limit, triggering the IDX's trading halt mechanism at 11:19:31 Jakarta Automated Trading System (JATS) time.
The temporary suspension was implemented per the IDX Board of Directors' Decision Letter Number: Kep-00024/BEI/03-2020, outlining emergency trading procedures.
IDX Corporate Secretary, Kautsar Primadi Nurahmad, explained that the trading system was reopened after 30 minutes, precisely at 11:49:31 JATS time, without any schedule changes.
This step aims to provide time for market participants to respond to the situation more calmly and prevent excessive selling actions.
The Chairperson of the IDX Iman Rachman explained that the IHSG decline was due to internal and external factors. Although the significant decline in IHSG was considered unusual, he requested the market to view it in a broader context.
"There are several global factors contributing, including global economic uncertainty. At present, many investors are still adopting a wait-and-see approach," said Iman in the same press conference.
However, he acknowledged that the sharp decline in IHSG was also influenced by domestic factors. Yet, Iman did not specify whether the drop was linked to government policies, such as the directive for state-owned banks to finance three million housing units or other measures.
Editor's Choice: IHSG Faces Trading Halt Today: First Time Since Covid-19 Crisis
Click here to get the latest news updates from Tempo on Google News
Government Seeks to Soothe Market Turmoil as IHSG Plummets
29 menit 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.
IHSG Faces Trading Halt Today: First Time Since Covid-19 Crisis
1 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
1 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
3 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
3 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
4 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
4 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
Researcher: Sri Mulyani Resignation Rumors May Stir Market Uncertainty
23 jam lalu
Confusion about the possibility of Sri Mulyani's resignation from the Red and White Cabinet will leave the market puzzled.
IDX Reports Rp246.1tn Securities Transactions, Launches Repo Trading on SPPA
6 hari lalu
IDX noted that the total value of securities transactions on SPPA reached Rp246.1 trillion, while the Interdealer Domestic Market Share stood at 16%.
Indonesian Govt Recalls MinyaKita Cooking Oil Not in Accordance with Market Standards
7 hari lalu
The Indonesian government recalled 1-liter MinyaKita cooking oil packaging which was only distributed in 750-800 milliliters from the market.
