JAKARTA (Yosefardi) – The Indonesia Stock Exchange (IDX) will apply new lot size of stocks trading in January 6, 2014. One lot consists of 100 shares, compared to current 500 shares.
While categorization of tick prices will be cut to 3 from 5 categories. IDX sets tick price of Rp1 for shares priced below Rp500, Rp5 for shares priced between Rp500 to less than Rp5,000, and Rp25 for shares priced at and above Rp5,000.
Currently, tick prices are set for 5 categories; Rp1, Rp5, Rp10, Rp25, and Rp50. IDX intends to create a smooth market movement and reduce market impact to investors.