Not yet registered? Create a OverBlog!

Create my blog

Introduction to the Jakarta Stock Exchange

Jakarta, a large bustling city on the west coast of Java in Indonesia, hosts a vibrant and thriving stock exchange. Nowadays, it helps to drive and to stimulate the local economy. However, it has had a varied past. The following article provides you with an introduction to the Jakarta Stock Exchange (JSX) and to its successor, the Indonesian Stock Exchange (IDX).

The JSX

The JSX opened in December 1912, under the management of a Dutch colonial government in what was known as Batavia, present day Jakarta. Both of the world wars led to long periods of closures, and it was finally re-opened in 1952 to trade the Indonesian Government Bond. In 1977, it became a more conventional exchange, run by the Capital Market Supervisory Agency. Trading Trading was fairly subdued until an opening of the market to foreign investors, and a deregulation of practices occurred between 1987-1990. As Indonesia's markets, both public and private grew, so did the capitalisation and trading figures of the exchange. Bull Run An impressive Bull Run in 1990 lifted these to unprecedented levels. Privatised on 13.07.92 under the ownership of Jakarta Exchange Incorporation, it was overseen by the Capital Market Supervisory Agency. Three years later, the exchange successfully launched the Jakarta Automated Trading System (JATS). Terrorist attack In September 2000, the exchange was a target for a terrorist attack. A car bomb parked in the basement exploded, causing a number of cars to catch fire, killing 15 people. The suffocating black smoke led to the deaths of many people taking cover in their vehicles. Sentence The following year, an Indonesian court sentenced two men to 20-year jail terms for organising the attack. The two men were members of Kopassus, Indonesia's own special forces unit. In September 2007, Jakarta Stock Exchange and Surabaya Stock Exchange merged to form the new Indonesian Stock Exchange (IDX).

The present exchange

The new Indonesian Stock Exchange (IDX) is known in Indonesian as
Bursa Efek Indonesia (BEI). The number of issuers at the exchange is 425, and the overall market capitalisation as of 01.07.11 was over $400 billion. For up-to-date stock exchange quotes, market activity and other breaking news, visit the Indonesian Stock Exchange homepage at Callcenter@idx.co.id.

Same category articles Stock exchange

What are the ways to invest money in the UK

What are the ways to invest money in the UK

Individuals considering on how to invest money in the UK should consider investments with tax relief. Depending on the tax position of the investor, such investments may result in higher returns on investment and a lower tax bill.
A guide to investing in Dow Jones companies

A guide to investing in Dow Jones companies

If you are considering investing in the stock market, or considering making any investment at all, you may want to look into the Dow Jones companies' markets. This article will introduce you to the Dow Jones stock market, and will give some examples of the companies in it. Additionally, the reader will learn what are some of the good investment resources, and where to check daily stocks.
A guide to hedge fund regulation

A guide to hedge fund regulation

Typically, individuals and institutions with a high-asset base invest are allowed to invest in hedge funds. Investment in hedge funds requires specialised knowledge of world markets, and they are not for everyone.
All about: Saudi stock market

All about: Saudi stock market

There is only one stock market in Saudi Arabia and it is called the Saudi Stock Exchange Market or the Tadawul. The Tadawul is under the supervision of the Capital Market Authority or CMA of Saudi Arabia. The CMA is the governmental institution which is controlling all the Saudi Arabian markets for capital. The authority is independent financially, legally and administratively. It must however report to the Prime Minister.