JAKARTA. Indonesia Stock Exchange (IDX) had modified the regulation regarding stocks tradable during pre-opening and pre-closing periods.

With this change, stocks available for trading during pre-opening and pre-closing will not be limited to constituents of LQ45, but also stocks listed in the Main Board, New Economy Board, and Development Board.

IDX authorities decide upon this change in order to provide a more extensive price discovery process, as revealed by Irvan Susandy, Director of Trading and Membership of IDX, in the official statement last week.

“Therefore, the opening price will reflect general market condition better,” said Susandy.

According to IDNFinancials data, this regulation change is welcomed by market players, as indicated through Jakarta Composite Index (IHSG) that shifted 0.36% or 26.80 points up to 7,409.59 today (9/12).

The transaction volume recorded in the morning session reached 203.15 million shares, valued at a total of IDR 38.71 trillion. Transaction frequency also reportedly clocked up to 705.37 thousand.

PT Tempo Inti Media Tbk (TMPO) remained as top gainers this morning with 24.39% or 204-point increase. In the meantime, PT Distribusi Voucher Nusantara Tbk (DIVA) was at the first place of Top Loser list, recording 11.79% or 172-point decline. (KR/ZH)