Jakarta, CNBC Indonesia – The discourse of changing the number of stock units in lots became a hot discussion by market players last week. The Indonesia Stock Exchange (IDX), as the stock exchange authority, said that the change in lot units is expected to increase daily transaction volume.
It seems that this discourse will not wait long, the IDX targets this policy to be carried out in 2023.
Director of Trading and Regulations for Exchange Members, Laksono W.Widodo, explained that so far, the IDX and the Financial Services Authority (OJK) have not yet determined how much adjustment to the number of shares in one lot will be made. He said adjustments will be made after the IDX increases its trading capacity.
“Don’t know yet. It hasn’t been decided yet. It’s still a proposal. The smaller it is, the more transactions there will be and the impact on the capacity of trading machines,” Laksono told CNBC Indonesia, Friday (18/3/2022).
On a separate occasion, Laksono said that reducing the number of shares in one lot would make stock investment more affordable. You see, the small number of shares will reduce the capital for novice investors to start trading.
“If we make 1 lot with 10 sheets, or even 1 sheet, it will make the market more affordable, especially for investors whose pockets are smaller for students, beginners, and so on,” he said at the LPPI Virtual Seminar.
Laksono said, currently the trading capacity that IDX can serve is 7.5 million times per day. The average transaction currently reaches 1.5 million times per day.
“We want to make sure the engine capacity is sufficient and we will upgrade it by 2023. After next year the proposal regarding the reduction in the number of lots can be implemented calmly because we believe that the transaction can still run well on the Indonesia Stock Exchange,” he said.
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