Changes in Trading Halt Rules are Considered Not Reducing Turmoil

The Indonesia Stock Exchange (Bursa Efek Indonesia - “BEI”) is anticipating global dynamics by changing the provisions for temporary suspension of securities trading or trading halts on the exchange and reducing the minimum percentage limit for share price declines. Capital market practitioner, Reza Priyambada, believes that this policy change was taken only to temporarily calm market turmoil.

“Further policy revitalization is still needed, not just for the medium term. Especially since investors and market participants are currently opting to stay away for now while waiting to see how the global economy unfolds,” Reza told Hukumonline.

He noted that market participants’ perceptions will significantly influence market sentiment amid global economic uncertainty. This is not only viewed from the perspective of Trump’s policies but also the implementation of regulations by the current government through the application of the obligation to store Foreign Exchange from Natural Resource Exports (Devisa Hasil Ekspor Sumber Daya Alam/DHE SDA) domestically.

“Furthermore, the government’s policy on the stability of the rupiah exchange rate also needs to be anticipated because this is not only the responsibility of Bank Indonesia, so support from the government is needed,” he explained.