$11 billion share supply? Indonesia’s IHSG braces for free-float shake-up in week ahead
IDX plans to raise the minimum free float to 15% from 7.5%, potentially adding $11 billion in stock supply. The Jakarta Composite Index closed at 8,271.77 on Friday, down 0.03% for the day and up 0.7% for the week. Traders await details on the rule’s rollout and Bank Indonesia’s M2 data due Feb. 23.