As of December 2024, the Indonesia Stock Exchange had 943 listed companies,[3] and total number of investors has already grown to 15 million.
This initiative aims to support Indonesia's Nationally Determined Contribution (NDC) targets and address the growing need for carbon trading in the country.
[10][11] IDXCarbon is Indonesia's first official carbon exchange, registered with and supervised by the Financial Services Authority.
After careful preparation, the first capital market in Indonesia was finally established in Batavia (Jakarta) on 14 December 1912, which was named Vereniging voor de Effectenhandel or Stock Exchange and immediately started trading activities.
The purpose of this re-opening of the stock exchange was to accommodate government bonds that had been issued in 1956, the previous year.
The occurrence of a power dispute between the Indonesian government and the Netherlands regarding West Irian meant that all Dutch businesses were nationalized through Act No.
The Government of the Republic of Indonesia reactivated the capital market in 1977, the Stock Exchange was inaugurated by President Soeharto on 10 August 1977.
Finally, in 1987 the Stock Exchange was deregulated by presenting the December 1987 Package (PAKDES 87) which made it easier for companies to conduct Public Offerings and foreign investors to invest in Indonesia.
Stock Exchange trading activities also increased in 1988–1990 after the deregulation package in the banking and capital markets was launched.
The Indonesian Parallel Exchange (BPI) began operating and is managed by the Money and Securities Trading Union (PPUE) in 1988 with its organization consisting of brokers and dealers.
In addition, in the same year, the Government issued the December 88 Package (PAKDES 88) which made it easier for companies to go public and several other policies that were positive for capital market growth.
After the birth of the IDX, a trading suspension was enforced in 2008 and the Indonesian Stock Price Appraiser (PHEI) was formed in 2009.
The Indonesia Stock Exchange also created a campaign called “Yuk Nabung Saham” aimed at all Indonesian people wanting to start investing in the capital market.
Currently, the Indonesia Stock Exchange has 38 stock indices, as below: The Indonesia Stock Exchange observes the following trading times, where all times are based on the Jakarta Automated Trading System (JATS), currently in WIB (UTC+7): Prior to 2013, the index opened from 08.00 to 17.40[citation needed], divided into the following: In November 2012, IDX received approval from the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) for its plan to start trading 30 minutes earlier and instituting a pre- and post-closing session to avoid price manipulation.
The change is also meant to put it in line with other Asian markets, namely Singapore and Hong Kong stock exchanges.
The JII was established in 2002 to act as a benchmark in measuring market activities based on Sharia (Islamic law).
The indices, covering the five ASEAN markets, are designed using international standards, free float adjusted, and based on the Industry Classification Benchmark (ICB).
[19] Fatwa Number 80 from Indonesia Ulema Council is expected to make the public no longer have any doubt about making sharia investments in the capital market to eventually increase the number of the domestic investors in the Indonesia Stock Exchange.
[20] On 7 June 2017, IDX Custodian noted that there are 1,000,289 investors based on Single Identification Number (SID) or an increase of 12 percent in less than full 6 months.
[21] On 14 September 2000, a car bomb exploded in the basement of the then-Jakarta Stock Exchange building, killing 15 people.