The Indonesia Stock Exchange ( Indonesian : Bursa Efek Indonesia , IDX) is a stock exchange based in Jakarta , Indonesia . It was previously known as the Jakarta Stock Exchange (JSX), prior to its merger in 2007 with the Surabaya Stock Exchange (SSX). At the end of 2012, Indonesia Stock Exchange listed 462 companies, for a total capitalization of $ 426.78 billion .

Evolution of the Composite IDX (JSX Composite before 2007) between 1982 and 2012. The impacts of the Asian economic crisis and the 2008 financial crisis are visible.

Its main index, the IDX Composite, peaked on March 27, 2013, with 4,928,102 points.

History

Created in 1912 under the Dutch colonial government , the Jakarta Stock Exchange closed during the First and Second World Wars , only to reopen in 1977. At that time, it was managed by the new Capital Markets Supervision Agency ( Badan Pengawas Pasar Modal , or Bapepam ), which was under the Ministry of Finance. Trade and capitalization grew at the same time as financial markets and the private sector developed in Indonesia – with a financial bubble in 1990.

On July 13, 1992, the stock exchange was privatized, becoming the property of Jakarta Exchange Inc. The Bapepam was reduced to supervisory functions. On March 22, 1995 was launched an automatic trading system, the Jakarta Automated Trading System (JATS).

In September 2007, the Jakarta Stock Exchange and the Surabaya Stock Exchange were merged by the Ministry of Finance under the name Indonesia Stock Exchange . Its current headquarters are in South Jakarta , in the Sudirman business district, near the Pacific Place Jakarta shopping center .

Notes and references

  • ( In ) This article is partially or entirely from the article in English entitled ” Indonesia Stock Exchange ” ( see the list of authors ) .