IDX tightens screening, flags 383 stocks for concentrated ownership
The Indonesia Stock Exchange (IDX) has tightened its screening mechanism to identify stocks with high shareholding concentration (HSC) in its latest push to improve market transparency, raising the number of stocks classified under the category to 383.
The Indonesia Stock Exchange (IDX) has strengthened its screening process to pinpoint stocks with significant shareholding concentration (HSC), expanding the list to 383 companies. This move aims to boost market transparency by excluding HSC stocks from the IDX Composite index. The previous figure stood at 83 stocks when the exchange introduced the measure earlier in the month.
The enhanced screening now extends to all listed shares, rather than focusing solely on firms with a market capitalization exceeding Rp 5 trillion (US$276.8 million). IDX president director Jeffrey Hendrik announced the change on Tuesday, stating that HSC stocks now account for 6.16 percent of the Composite index's weighting. The exchange also decided to discard the price impact ratio (PIR) metric for identifying HSC stocks, which measures a stock's price fluctuations relative to its trading activity.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
