Jumat 10 Oct 2014 23:35 WIB

IDX reduces the average value of daily trading

Rep: Fuji Pratiwi/Mutia Ramadhani/ Red: Julkifli Marbun
Trade screen at the IDX in Jakarta (illustration)
Foto: Antara/Ismar Patrizki
Trade screen at the IDX in Jakarta (illustration)

REPUBLIKA.CO.ID, JAKARTA -- The Indonesia's Stock Exchange reduces the average of daily trading this year from 7 trillion IDR to 6.4 trillion IDR. IDX's president director, Ito Warsito said that the policy considered the economic situation, which was not good as the projection last year.

In second half of 2013, IDX was optimistic that the economic slow down was only temporary, but it has not changed significantly in the first half of 2014.

"The national economy in the time span was not very good even though the trading average rose 11 percent. The new proposal will be filed in a general meeting in the end of October," warsito said recently.

IDX will only revise that policy as it influences the operational of IDX. He estimated that IDX profit would decline this year, but he never targetted a specific profit in 2014. The profit will be allocated for business activities.

"IDX's fluctuated profit is normal. The profit can decline because many programs are being carried out in a year, especially programs that require large funds," Warsito said.

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