Hello, Is there anything we can do for you?
Types of Markets on the Indonesia Stock Exchange and their Settlement Date
Regular Market and Cash Market
Selling offers and or buying requests that have been entered into JATS NEXT-G are processed by JATS NEXT-G regarding to:
1. Priority price (price priority)
Requests to buy at a higher price have priority over at a lower price, while offers to sell at a lower price have priority over a higher price.
2. Time Priority
If the offer to sell or request to buy is submitted at the same price, JATS NEXT-G gives priority to the request to buy or offer to sell which is submitted first.
Reduction of the number of Stock Securities in JATS NEXT-G both at the bid and at the bid request for the same price level does not result in a loss of time priority. Exchange Transactions in the Regular Market and Cash Market occur and are binding when a selling offer is matched with a purchase request by JATS NEXT-G.
Stock trading in the Negotiation Market is carried out through an individual bargaining process (direct negotiation) between:
1. Exchange Member; or
2. Customer through one Exchange Member; or
3. Customers with Exchange Members; or
Further, the results of the bargaining agreement are processed through JATS NEXT-G.
Exchange Members can submit offers to sell and or requests to buy through information display boards (advertising) and can be changed or canceled before the agreement is executed at JATS NEXT-G. The agreement becomes binding when there is an encounter between a sell offer and a buy request on JATS NEXT-G.
What is LQ45, Kompas100, IDX30?
LQ45 is an index that measures the price performance of 45 stocks that have high liquidity and large market capitalization and are supported by good company fundamentals.
Kompas100 is an index of 100 stocks traded on the Indonesia Stock Exchange. This index was launched by IDX in 2007 in collaboration with Kompas. The stocks selected to be included in the Kompas100 index, apart from having high liquidity and large capitalization values, are also stocks that have good fundamentals and performance.
IDX30 specifically is an index that measures the price performance of 30 stocks. Stocks included in IDX30 must have high liquidity and large market capitalization. This group of stock indexes is filtered from LQ45 stocks.
The similarity of the three indices above is in the requirements for stocks that can enter the Index category, namely: High Liquidity and Large Market Capitalization.
High liquidity indicates a large number of transactions.
The greater the market capitalization, it means that the value of the company that owns the shares is higher.
It can be seen from the explanation above that the stocks that are included in LQ45, Kompas100, and IDX30 can vary by type of stock according to the criteria and conditions in the market.
What do suspended, delisted stocks mean?
Suspended shares or stock suspensions are suspensions carried out by the stock exchange, to temporarily stop stock trading, and to encourage securities trading to be held in an orderly, fair, and efficient manner.
This means that shares that are being suspended from the Indonesia Stock Exchange cannot be traded until the suspension status is revoked by the Indonesia Stock Exchange.
Delisting Shares are Elimination of an issuer on the stock exchange which is officially carried out by the Indonesian Stock Exchange (IDX) authority. Where shares previously traded on the IDX will be removed from the list of public companies, so that shares cannot be traded freely in the capital market.
This delisting can be voluntary (voluntary delisting) or forced (force delisting).
Why was my order rejected?
The reason for the rejection will be shown on the Customer application screen. There are several factors that cause sell orders to be rejected, such as:
Buy or sell orders at prices that are not in accordance with the Price Fraction and the Auto Rejection Rules.
Buy orders with an amount of rupiah that exceeds the availability of funds or the trading limit.
Sell order lot volume exceeds stock availability in portfolio
There is an order with shares whose order status is “Open” and includes orders with shares that are the same as the order status but the volume of shares (number of lots) has exceeded the volume of shares in the portfolio (summed with Order status with Open status).
Shares ordered are in suspended or delisted status.