JAKARTA, March 10 (Reuters) - Indonesia Stock Exchange (IDX) said in a statement that starting on Tuesday it has raised to the limit for an equity to fall before the auto-rejection mechanism kicks in to 10%, from a previous range of 20%-25%.
The measure was taken after a 6.6% drop in Indonesia’s main stock index amid global oil price plunge and fear of coronavirus spread. Monday’s loss was the biggest single day drop since October 2011, bringing the year-to-date decline to 18.5%.
The top limit for shares auto-rejection is maintained at 20%-35% depending on the share’s price brackets.
Reporting by Fransiska Nangoy; Editing by Christian Schmollinger