Indonesia stock exchange says 20pct fall would see trade suspended for day
The Indonesian Stock Exchange said on Tuesday that a market fall of more than 20 per cent would cause trading to be suspended for the rest of the day, as the market resumes trading after an extended holiday break amid turmoil on global markets.
The Indonesian Stock Exchange said on Tuesday that a market fall of more than 20 per cent would cause trading to be suspended for the rest of the day, as the market resumes trading after an extended holiday break amid turmoil on global markets.
The stock exchange said a 30-minute trading halt would be triggered by moves of eight per cent, changed from the previous five per cent, saying in a statement the rules were to safeguard against volatility and ensure investor protection.
The stock exchange also said a 15 per cent fall in an individual stock will trigger its auto-rejection rule, where sell orders for the stock would be rejected.
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