How Far Will Rp1 Minimum Share Price Impact the Market? IDX Explains
IDX will remove its long-standing Rp50 minimum share price floor for a new Rp1 baseline.
The Indonesia Stock Exchange (IDX) announced that it will lower its minimum share price from Rp50 to Rp1 starting September 28, 2026. This change, announced by IDX Development Director Iding Pardi on September 18, 2026, is expected to have only a minor effect on the market. IDX data suggests that transactions under Rp50 are negligible, and even if they were to be affected by selling pressure on low-priced stocks, the impact would be minimal.
The decision to remove the floor price is a move towards improving price discovery and creating a fairer market, according to Pardi. The initiative was not prompted by Morgan Stanley Capital International (MSCI), but rather is an internal decision by the IDX and the OJK, aligned with international best practices. OJK Chief Executive Hasan Fawzi confirmed this, stating that his agency advised the IDX to make the change.
Fawzi emphasized that the goal was to boost liquidity and improve the formation of fair prices across the market.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
