JAKARTA – The Financial Services Authority (OJK) recorded that as of April 9, 2025, there are 21 issuers planning to repurchase shares (buyback) without holding a General Meeting of Shareholders (GMS), with total funds amounting to Rp14.97 trillion.

Inarno Djajadi, Executive Head of Capital Market, Derivative Finance, and Carbon Exchange Supervision at OJK (KE PMDK), stated that out of this number, 15 issuers have already realized buybacks worth Rp429.72 billion.

“This step is part of efforts to boost the performance of the currently sluggish stock market,” said Inarno during the OJK Board of Commissioners press conference on Friday (April 11).

Additionally, OJK has postponed the implementation of short-selling transactions as a measure to maintain capital market stability. OJK has requested the Indonesia Stock Exchange (IDX) to adjust trading halt limits and reintroduce the asymmetric auto-rejection policy.

“OJK will continue to monitor the market and take quick response measures to mitigate volatility,” added Inarno.

The buyback policy without GMS had previously been implemented by OJK in 2013, 2015, and 2020, including during the COVID-19 pandemic. Inarno expressed hope that this measure would provide flexibility for issuers to stabilize stock prices amid volatile market conditions.

“This policy is expected to send a positive signal to investors that these companies have strong fundamentals and maintain market confidence,” he concluded. (DK/LM)