Reporter: Dityasa H. Forddanta | Editor: Herlina Kartika Dewi
KONTAN.CO.ID – JAKARTA. The Indonesia Stock Exchange (IDX) plans to extend trading hours. The extension is planned to be carried out in the regular market and in negotiations.
According to the prevailing rules, trading hours in the Jakarta Automated Trading System (JATS) the first session takes place from 09.00 to 12.00. This is for the first trading session Monday to Friday.
The first session on Friday started at the same time, but ended half an hour earlier, at 11.30.
At 13.30, the second trading session starts again and ends at 15.49. The end of the second trading session is the same from Monday to Friday. However, specifically on Fridays, the opening of session II starts at 14.00.
However, especially during the Covid-19 pandemic, trading on the IDX is a little different. Namely, the trading hours of session I start at 09.00 JATS until 11.30 JATS. While the second session starts at 13.30 to 15:15.
In line with the planned changes, the IDX will also extend trading hours in the negotiation market.
Director of Trade and Regulation of IDX Exchange Members, Laksono Widodo, said that the extension was carried out so that when a transaction was closed itself or crossing, then the transaction can be done on the same day.
“Today’s transactions with today’s prices should be booked today,” he told KONTAN, Wednesday (24/2).
The negotiated market trading hours are currently 15 minutes longer than the trading hours on the regular market.
The IDX will provide an additional 15 minutes for that time. So, the negotiation market trading hours which originally ended at 16.15 will change to 16.30.
The plan is that the extension of trading time on the stock exchange will take effect from June 21, 2021.
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