Informasi Perdagangan

Summary

This video explains the mechanics of stock trading on the Indonesia Stock Exchange, covering key topics like the types of market segments (regular, cash, and negotiation), trading systems, and transaction processes. It details how stock prices are formed, the role of brokers, and the costs involved. Additionally, it discusses market regulations, such as price fluctuation limits and stock suspensions, and the different types of corporate actions like rights issues and stock splits. The video also explains trading schedules, including session timings and post-trading processes, emphasizing the importance of efficiency and risk management.

Takeaways

• 😀 The stock market operates in three segments: regular, cash, and negotiation markets, each with different trading units and transaction completion rules.
• 😀 All stock transactions are conducted using a continuous auction system, and transactions can be done remotely through brokerage systems.
• 😀 Stock prices are determined by the meeting of buy and sell offers, with buy orders given priority based on the highest price and fastest time.
• 😀 Transaction fees include a broker's commission, VAT, and a sales tax. For example, purchasing 2 lots of stock would cost the investor additional fees beyond the stock price.
• 😀 Price changes in stocks must adhere to a set price fraction, with specific rules to prevent excessive volatility and manipulation.
• 😀 The system automatically rejects buy or sell offers that exceed maximum price change thresholds to ensure stability.
• 😀 Suspensions may occur if stock prices fluctuate irregularly or if a company fails to meet financial reporting obligations or is involved in financial scandals.
• 😀 Corporate actions, such as rights issues, dividends, bonus shares, and stock splits, can impact stock prices and the number of shares in circulation.
• 😀 The stock market operates on weekdays (Monday to Friday) with specific trading sessions, including pre-opening, two trading sessions, and post-closing.
• 😀 Transactions are processed on a T+2 basis, meaning settlement occurs two days after the transaction, which helps improve market liquidity and reduce risks.

Q & A

What are the three segments of the secondary stock market?

The three segments of the secondary stock market are the regular market, cash market, and negotiation market. Each segment has its own trading unit and transaction settlement rules.

How are stock transactions conducted on the Indonesian stock exchange?

Stock transactions on the Indonesian stock exchange are conducted using the continuous auction system, which is based on market-driven orders via the Jakarta Automated Trading System Next Generation (JATS NG).

What is remote trading and how does it work?

Remote trading is a system that allows stock transactions to be carried out remotely through securities firms. Securities firms must be members of the exchange to execute transactions.

How is the price of a stock determined?

The price of a stock is determined by the meeting of buy and sell offers, with priority given to the highest buy offer and the lowest sell offer, based on the 'price and time priority' rule.

What transaction costs are associated with buying stocks?

When buying stocks, investors incur a brokerage commission of 0.3% of the transaction value, capped at 1%. Additionally, a 10% VAT is applied to the brokerage commission.

What is the process for stock price changes on the exchange?

Stock prices change in increments based on a predetermined price fraction, following the opening price of the stock. The price movement is restricted to a maximum increase or decrease set by the exchange to avoid excessive fluctuations.

What happens if a stock price exceeds the authorized limit?

If a stock price exceeds the authorized limit, the transaction will be automatically rejected by the system. For example, if a stock's last price is Rp3,000, the price can only fluctuate by up to 25% from that price.

What is 'UMAH' in stock trading, and why is it important?

'UMAH' stands for unusual market activity, which refers to abnormal price movements of a stock that could potentially disrupt regular trading. This triggers a review to understand the cause and prevent manipulation.

What factors can lead to a suspension of a stock?

A stock can be suspended if its price shows unusual movement, if the company faces issues like excessive debt or financial fraud, or if there is a delay in the company's mandatory reporting or failure to disclose important corporate actions.

What are corporate actions, and what are some common examples?

Corporate actions are activities undertaken by a company that affect its shareholders. Common examples include rights issues, cash dividends, stock bonuses, stock splits, and employee or management stock programs.