Jakarta Composite Rebounds 5.65% as Exchange Plans Index Change
Photo: TokenPost
Indonesia’s Jakarta Composite closed Oct. 20 up 5.65% at 5,278.89, rebounding from two steep declines as the country’s stock exchange prepared to change which shares count toward the benchmark. The close was about 4 a.m. ET (8 a.m. UTC). The index had fallen 11.57% on Oct. 16 and 3.64% on Oct. 19. The Indonesia Stock Exchange plans to exclude 80 shares with highly concentrated ownership from the index calculation. Together, they account for about 18% of the benchmark’s weight. The shares would remain listed and tradable, and the exchange has not set a date for the change.
Source: TokenPost
