The Indonesia Stock Exchange's main index, the IHSG, dropped after the removal of the Rp 50 minimum share price took effect, finance.detik.com reports. The rule, widely known in Indonesia as the "gocap" floor, had barred shares from trading below that level.
The exchange's leadership has since spoken publicly about the move, according to finance.detik.com, though the report does not detail what was said.
Coverage of the change's first day points to a broad impact on low-priced shares. Kompas's money desk reported that 69 listed companies traded below Rp 50 on day one of the new rule. CNBC Indonesia described sharp falls among Rp 50 stocks and asked which names were hit hardest.
Not every low-priced stock moved the same way. Kumparan.com reported that 10 issuers trading under the old gocap level rose together as the Rp 1 rule took effect.
Separately, ANTARA News reported that the exchange is refining its rules for the special monitoring board, the segment where stocks with unusual price movements are placed.
The material reviewed does not include the size of the IHSG's decline, the exchange's specific remarks, or the reasons behind the rule change. Those details were not available in the summaries.
What to watch next: how the special monitoring board revisions are applied, and whether low-priced shares settle after the first sessions under the new floor.
