Jakarta Stock Exchange
Encyclopedia
Jakarta Stock Exchange or in Indonesian Bursa Efek Jakarta (BEJ) was a stock exchange
based in Jakarta
, Indonesia
, before it merged with the Surabaya Stock Exchange
to form the Indonesian Stock Exchange.
grew alongside the development of Indonesia's financial markets and private sector
– highlighted by a major bull run in 1990. On July 13, 1992, the exchange was privatized under the ownership of Jakarta Exchange Inc. As a result, the functions of Bapepam changed to become the Capital Market Supervisory Agency. On March 22, 1995 JSX launched the Jakarta Automated Trading System (JATS). In September 2007, Jakarta Stock Exchange and Surabaya Stock Exchange merged and named Indonesian Stock Exchange by Indonesian Minister of Finance.
and the Jakarta Islamic Index
(JII). The JII was established in 2002 to act as a benchmark in measuring market activities based on Sharia
(Islamic law
). Currently, there are approximately 30 corporate stocks listed on the JII. The FTSE
/ASEAN Indices were launched by the five ASEAN exchanges (Singapore Exchange
, Bursa Malaysia
, The Stock Exchange of Thailand
, Jakarta Stock Exchange, The Philippine Stock Exchange
) and global index provider FTSE on September 21, 2005. The indices, covering the five ASEAN markets, are designed using international standards, free float adjusted, and based on the Industry Classification Benchmark
(ICB). The indices comprise FTSE/ASEAN Benchmark Index and FTSE/ASEAN 40 tradable index. The FTSE/ASEAN 40 index is calculated on a real-time basis from 9:00 a.m. and the closing index is calculated at 6:00 p.m. (Singapore time). The FTSE/ASEAN benchmark index is calculated on end-of-day basis.
Monday – Thursday
1st Session 09:30 to 12:00 WIB
2nd Session 13:30 to 16:00 WIB
Friday
1st Session 09:30 to 11:30 WIB
2nd Session 14:00 to 16:00 WIB
Pre-Opening Session for the Regular Market is opened every Exchange Day:
09:10:00 WIB to 09:25:00 WIB The Exchange Members input their purchase and sell orders.
09:25:01 WIB to 09:29:59 WIB JATS processes the Pre-opening Price forming and transactions allocation.
Trading Hour of the Cash Market:
Monday – Thursday 09:30:00 to 12:00:00 WIB
Friday 09:30:00 to 11:30:00 WIB
Trading Hour of Stock Option :
Monday to Thursday:
-Session I starts from 09:30 to 12:00 WIB, JOTS time
-Session II starts from 13:30 to 16:00 WIB, JOTS time
Friday:
-Session I starts from 09:30 to 11:30 WIB, JOTS time
-Session II starts from 14:00 to 16:00 WIB, JOTS time
Exercise and Automatic Exercise are executed every Exchange Day at 10:00 WIB - 16:15 WIB
Trading Hour of Futures Index :
Monday – Thursday:
– Session I 09:30 - 12:00 FATS Time
– Session II 13:30 - 16:15 FATS Time
Friday:
– Session I 09:30 - 11:30 FATS Time
– Session II 14:00 - 16:15 FATS Time
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
based in Jakarta
Jakarta
Jakarta is the capital and largest city of Indonesia. Officially known as the Special Capital Territory of Jakarta, it is located on the northwest coast of Java, has an area of , and a population of 9,580,000. Jakarta is the country's economic, cultural and political centre...
, Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, before it merged with the Surabaya Stock Exchange
Surabaya Stock Exchange
Surabaya Stock Exchange or in Indonesian Bursa Efek Surabaya was officially opened on June 16, 1989 based on the Minister of Finance Decree of Indonesia No. 654/KMK.010/1989 with only thirty-six shareholders...
to form the Indonesian Stock Exchange.
History
Originally opened in 1912 under the Dutch colonial government, it was re-opened in 1977 after several closures during World War I and World War II. After being reopened in 1977, the exchange was under the management of the newly created Capital Market Supervisory Agency (Badan Pengawas Pasar Modal, or Bapepam), which answered to the Ministry of Finance. Trading activity and market capitalizationMarket capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
grew alongside the development of Indonesia's financial markets and private sector
Private sector
In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state...
– highlighted by a major bull run in 1990. On July 13, 1992, the exchange was privatized under the ownership of Jakarta Exchange Inc. As a result, the functions of Bapepam changed to become the Capital Market Supervisory Agency. On March 22, 1995 JSX launched the Jakarta Automated Trading System (JATS). In September 2007, Jakarta Stock Exchange and Surabaya Stock Exchange merged and named Indonesian Stock Exchange by Indonesian Minister of Finance.
Stock Indices
Two of the primary stock market indices used to measure and report value changes in representative stock groupings are the JSX CompositeJSX Composite
The JSX Composite is an index of all stocks that trade on the Indonesia Stock Exchange .-Components:2005*Astra Agro Lestari Tbk PT*Astra Graphia Tbk PT...
and the Jakarta Islamic Index
Jakarta Islamic Index
The Jakarta Islamic Index is a stock market index established on July 3, 2000 on the Indonesia Stock Exchange to help facilitate the trading of public companies according to Syariah business code...
(JII). The JII was established in 2002 to act as a benchmark in measuring market activities based on Sharia
Sharia
Sharia law, is the moral code and religious law of Islam. Sharia is derived from two primary sources of Islamic law: the precepts set forth in the Quran, and the example set by the Islamic prophet Muhammad in the Sunnah. Fiqh jurisprudence interprets and extends the application of sharia to...
(Islamic law
Sharia
Sharia law, is the moral code and religious law of Islam. Sharia is derived from two primary sources of Islamic law: the precepts set forth in the Quran, and the example set by the Islamic prophet Muhammad in the Sunnah. Fiqh jurisprudence interprets and extends the application of sharia to...
). Currently, there are approximately 30 corporate stocks listed on the JII. The FTSE
FTSE
FTSE may refer to:* The FTSE Group* Stock market indices published by the FTSE Group, particularly the FTSE 100 Index on the London Stock Exchange* The Fundamental theorem of software engineering...
/ASEAN Indices were launched by the five ASEAN exchanges (Singapore Exchange
Singapore Exchange
Singapore Exchange Limited is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges FederationSingapore Exchange...
, Bursa Malaysia
Bursa Malaysia
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.- History :Bursa...
, The Stock Exchange of Thailand
Stock Exchange of Thailand
The Stock Exchange of Thailand is the national stock exchange of Thailand. It is located in Bangkok. As of 31 December 2007, the Stock Exchange of Thailand had 541 listed companies with a combined market capitalization of $280 billion. The indices of the stock exchange are SET Index, SET50 Index...
, Jakarta Stock Exchange, The Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
) and global index provider FTSE on September 21, 2005. The indices, covering the five ASEAN markets, are designed using international standards, free float adjusted, and based on the Industry Classification Benchmark
Industry Classification Benchmark
The Industry Classification Benchmark is an industry classification taxonomy developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy...
(ICB). The indices comprise FTSE/ASEAN Benchmark Index and FTSE/ASEAN 40 tradable index. The FTSE/ASEAN 40 index is calculated on a real-time basis from 9:00 a.m. and the closing index is calculated at 6:00 p.m. (Singapore time). The FTSE/ASEAN benchmark index is calculated on end-of-day basis.
Merger
Both Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) merged to form a new entity "Indonesia Stock Exchange (Bursa Efek Indonesia).Trading Hour
Trading hour in the Regular and Negotiated Markets:Monday – Thursday
1st Session 09:30 to 12:00 WIB
2nd Session 13:30 to 16:00 WIB
Friday
1st Session 09:30 to 11:30 WIB
2nd Session 14:00 to 16:00 WIB
Pre-Opening Session for the Regular Market is opened every Exchange Day:
09:10:00 WIB to 09:25:00 WIB The Exchange Members input their purchase and sell orders.
09:25:01 WIB to 09:29:59 WIB JATS processes the Pre-opening Price forming and transactions allocation.
Trading Hour of the Cash Market:
Monday – Thursday 09:30:00 to 12:00:00 WIB
Friday 09:30:00 to 11:30:00 WIB
Trading Hour of Stock Option :
Monday to Thursday:
-Session I starts from 09:30 to 12:00 WIB, JOTS time
-Session II starts from 13:30 to 16:00 WIB, JOTS time
Friday:
-Session I starts from 09:30 to 11:30 WIB, JOTS time
-Session II starts from 14:00 to 16:00 WIB, JOTS time
Exercise and Automatic Exercise are executed every Exchange Day at 10:00 WIB - 16:15 WIB
Trading Hour of Futures Index :
Monday – Thursday:
– Session I 09:30 - 12:00 FATS Time
– Session II 13:30 - 16:15 FATS Time
Friday:
– Session I 09:30 - 11:30 FATS Time
– Session II 14:00 - 16:15 FATS Time
See also
- Surabaya Stock ExchangeSurabaya Stock ExchangeSurabaya Stock Exchange or in Indonesian Bursa Efek Surabaya was officially opened on June 16, 1989 based on the Minister of Finance Decree of Indonesia No. 654/KMK.010/1989 with only thirty-six shareholders...
(SSX) - Jakarta Futures Exchange (JFX)
- Indonesia Stock Exchange (IDX)
- JSX CompositeJSX CompositeThe JSX Composite is an index of all stocks that trade on the Indonesia Stock Exchange .-Components:2005*Astra Agro Lestari Tbk PT*Astra Graphia Tbk PT...
- Economy of IndonesiaEconomy of IndonesiaIndonesia is the largest economy in Southeast Asia and is one of the emerging market economies of the world. The country is also a member of G-20 major economies. It has a market economy in which the government plays a significant role by owning more than 164 enterprises and administers prices on...
- List of stock exchanges
- Telkom (Indonesia)Telkom (Indonesia)PT Telekomunikasi Indonesia, Tbk , commonly abbreviated as Telkom Indonesia or just Telkom, is the largest telecommunications services company in Indonesia. Telkom is a semi-privatized, majority state owned multi-listed company....
- LQ-45LQ-45LQ 45 is a stock market index for the Indonesia Stock Exchange . The LQ 45 index consists of 45 companies that fulfill certain criteria, which is:...
- MatahariMatahariMatahari is a major department store chain in Indonesia. Matahari is operated by PT. Matahari Department Store, Tbk. , a subsidiary of PT. Matahari Putra Prima, Tbk. , a publicly traded company. It has the biggest coverage in Indonesia and has a store in almost every mall and plaza in Indonesia.In...