BEI President Director Jeffrey Hendrik said the exchange had conducted a backtest to measure the impact of the removal of HSC shares on the movement of the JCI.
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JAKARTA — The Indonesia Stock Exchange (IDX) stated that the policy of excluding High Shareholding Concentration (HSC) stocks from the calculation of the Jakarta Composite Index (JCI) will not reduce the total market capitalization...
BEI President Director Jeffrey Hendrik said the exchange had conducted a backtest to measure the impact of the removal of HSC shares on the movement of the JCI.
The IDX revealed that the 81 HSC shares removed from the IHSG calculation have a weighting of around 18% and a market capitalization of around 30% of the total stock exchange.