Capital Market Policy Turmoil, Short Selling Impact

The Indonesian Stock Exchange (IDX) is preparing short-selling regulations to ensure that their implementation does not cause turmoil. The plan is to publish these regulations in October 2024.

Rizqi Rajendra

1 Jul 2024 - 17.02
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Capital Market Policy Turmoil, Short Selling Impact

Indonesia Stock Exchange

Bisnis, JAKARTA — The short-selling transaction scheme on the Indonesian Stock Exchange (IDX) remains a hot topic among many market players. This is understandable, given that short-selling transactions carry risks that market participants may not be fully prepared to handle. The IDX has acknowledged this concern.

The IDX has not yet implemented a short-selling transaction mechanism because the market is still not conducive. The IHSG is down nearly 3% YtD in 2024, while foreign investors have recorded a net sell of IDR 6 trillion.

The capital market authority is currently preparing regulations to ensure their implementation does not cause turmoil. The plan is to publish these regulations in October 2024.

"I would say today is not the right time [to launch short selling], but if we don't have regulations in October, then what? So, we are still formulating regulations," said Business Development Director at IDX Jeffrey Hendrik last week.

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