IDX Removes Shareholding Cap
The Indonesia Stock Exchange has eliminated the market cap threshold for screening high shareholding concentration. This reform aims to boost transparency following warnings from global index providers.
Indonesia removed its 5 trillion rupiah ($276.93M) market cap threshold for screening high shareholding concentration on Tuesday morning, expanding oversight across the local bourse. The regulatory update follows warnings of a potential market downgrade by global index providers. Indonesia aims to boost capital market transparency to retain global institutional capital.
