Indonesian stock Exchange
The earliest stock exchange was established in Indonesia back in 1912 when the Dutch colonized the country in Batavia established for the VOC (Dutch East Indies). The market grew and was pretty much dormant during the years of the 2 world wars as well as around the time of power transitions. In 1977, the government of Indonesia reactivated the capital market and has since grown gradually.
Investor Summit and Capital Market Expo 2009 secara resmi dibuka pada tanggal 02 Desember 2009, dengan tema “Strategi Investasi di Pasar Modal Indonesia …
We have provided here at Market.co.id(Indonesia Stock Market Exchange) a historical look into how the capital market has grown and its development so far. Way back in 1912 when the first stock exchange was established in Batavia, the former name of Jakarta it was subsequently closed 2 years later due to the First World War. It would be another 7 years after the War ended that the exchange resumed with Semarang and Surabaya stock exchanges established as well. The 2 new exchanges would close in 1939. Leading to that, in 1942, the Second World War took place and the Jakarta Stock Exchange had to be closed to accommodate the war before it was again re-activated in 1952, which was then issued by the Minister of Justice of Indonesia which then only traded Indonesian Government Bonds.
Jakarta Stock Exchange (JSX) or in Indonesian Bursa Efek Jakarta (BEJ) was a … Two of the primary stock market indices used to measure and report value …
The stock exchange then stagnated in 1956 due to the nationalism programs imposed by the government on Dutch companies and continue to be inactive until 1977. President Suoeharto then re-activated the exchange in august 1977 and supervised under the BAPEPAM or Badan Pangawas Pasar Modal (Capital Market Supervisory Agency). This was when PT Semen Cibinong went public as the first public issuer in the exchange. The next 10 years will witness only up to 24 companies in the stock exchange as the capital market was not seen as lucrative where the people preferred banking investments instead. In 1987, the December Package 1987, or the PAKDES 87 was issued to offer incentives for companies going public as well as foreign companies to invest in the local market. The next 3 years saw vast improvements to the capital market with more foreign investments coming into Indonesia. In 1988, the Indonesia Pararel Bourse was established which was made up of dealers and brokers. The government also issued the PAKDES 88, which was aimed to further improve the situation. In 1989, the Surabaya Stock Exchange Inc re-opened the Surabaya Stock Exchange.
In 1992, the Jakarta Stock Exchange was privatized and the BAPEPAM became the Capital Market Supervisory Agency. 3 year later, the stock exchanged introduced JATS (Jakarta Automatic Trading System). The Indonesia Pararel Bourse merged with the Suurabaya Stock Exchange in 1995 and 5 years later the script less trading system was used. The Jakarta Stock Exchange implemented the remote trading system in 2002 and in 2007, it merged with the Surabaya Stock Exchange and was then renamed as the Indonesia Stock Exchange.