BEI Strengthens Market Integrity with New Trading Regulations

Implementation of Non-Cancellation Period

The Indonesia Stock Exchange (BEI) has introduced a new trading regulation effective December 15, 2025, implementing a Non-Cancellation Period during the pre-opening and pre-closing sessions ¹

. This measure aims to prevent potential market manipulation and spoofing practices during critical trading periods. According to Jeffrey Hendrik, Director of BEI Development, this regulation is part of the implementation of Regulation Number II-A regarding Equity Trading, which was enforced on April 8, 2025.

Suspension of Four Stocks

In a related development, BEI has suspended trading of four stocks: PT Multi Garam Utama Tbk (FOLK), PT Kioson Komersial Indonesia Tbk (KIOS), PT Djasa Ubersakti Tbk (PTDU), and PT Citatah Tbk (CTTH) effective the same day ²

. The suspension was due to significant cumulative price increases in these stocks, demonstrating BEI's proactive approach to market surveillance and investor protection.

Rationale and Impact

These regulatory measures are designed to enhance market integrity and protect investor interests. By preventing order cancellations during critical trading periods, BEI aims to ensure fair price formation and maintain market stability. The stock suspensions demonstrate the exchange's commitment to monitoring market activity and taking swift action when necessary.