Jakarta Indonesia

History

Originally established in 1912 under Dutch colonial rule, the stock exchange faced closures during World War I and World War II, with reopening occurring in 1977. Managed by the newly formed Capital Market Supervisory Agency (Bapepam) under the Ministry of Finance, it experienced growth in trading activity and market capitalization, marked by a significant bull run in 1990. On July 13, 1992, privatization took place, and the exchange became Jakarta Exchange Inc. Functions of Bapepam transformed into the Capital Market Supervisory Agency. On March 22, 1995, the Jakarta Automated Trading System (JATS) was launched. The culmination occurred on November 30, 2007, when the Surabaya Stock Exchange (BES) and the Jakarta Stock Exchange (JSX) merged, adopting the name Indonesia Stock Exchange (IDX).

Two key stock market indices for assessing value changes in representative stock groups are the JSX Composite and the Jakarta Islamic Index (JII). Established in 2002, the JII serves as a benchmark for measuring market activities based on Sharia (Islamic law) and includes approximately 30 listed corporate stocks. The FTSE/ASEAN Indices, launched on September 21, 2005, by the five ASEAN exchanges and FTSE, adhere to international standards, are free float adjusted, and utilize the Industry Classification Benchmark (ICB). Encompassing the five ASEAN markets, the indices consist of the FTSE/ASEAN Benchmark Index and FTSE/ASEAN 40 tradable index, calculated on an end-of-day basis.

The Indonesia Stock Exchange launched the “Yuk Nabung Saham” campaign in 2015, encouraging all Indonesians to start investing in the capital market. Introduced on November 12, 2015, the campaign aimed to promote investment awareness. In subsequent years, various enhancements were made, including adjustments to Tick Size and Autorejection limits in 2016, the launch of IDX Channel, participation in Tax Amnesty activities, and the inauguration of the Go Public Information Center. In 2017, the IDX Incubator was inaugurated, margin relaxation measures were introduced, and the Indonesia Securities Fund was inaugurated. In 2018, updates were made to the Trading System and New Data Center, the T+2 Transaction Settlement (T+2 Settlement) was launched, and special notation information displays were added to listed company codes.

As of 2023, the Indonesia Stock Exchange boasts 777 listed companies, with total stock investors accounting for approximately US$0.71 trillion.