92 Stocks Exit Special Monitoring Board as IDX Tweaks Rules
The Indonesia Stock Exchange (IDX) has revised its Special Monitoring Board criteria, leading to the removal of 92 stocks, including WIKA and WSKT.
The Indonesia Stock Exchange (IDX) has updated several entry criteria for stocks under the Special Monitoring Board, effective as of Monday, September 28, 2026, along with the removal of the minimum stock price rule. These regulatory changes were implemented by adhering to fundamental criteria while adjusting provisions related to liquidity to improve price discovery, according to Iding Pardi, the IDX Development Director.
Criteria 1, 6, 7, and 10, which concern trading prices, liquidity levels, minimum free float requirements, and temporary trading suspensions tied to unusual market activity, have been eliminated. Meanwhile, criteria focused on corporate fundamentals, such as financial reporting standards, revenue performance, negative equity, court-monitored debt restructuring (PKPU), or bankruptcy, remain in place.
The exchange also introduced a Non-Cancellation Period within the Full Call Auction framework to facilitate more accurate price formation by minimizing last-minute order modifications or cancellations. As a result, 92 stocks were removed from the Special Monitoring Board, including state-backed builders PT Wijaya Karya (WIKA), PT Waskita Karya (WSKT), PT Toba Pulp Lestari (INRU), and PT PP Properti (PPRO).
Currently, 42 securities remain under special monitoring due to ongoing fundamental criteria triggers.
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