OJK to Introduce New Free Float Standards Amidst IHSG Marginal Decline

Market Overview

The Indonesian Stock Exchange (IHSG) closed the last trading week at 8,370.44, showing a marginal decline of 0.02%. Trading activity was characterized by mixed movements across various stocks and sectors. Notable gainers included DSSA with a 3.67% increase, MORA surging 19.70%, and TLKM rising 1.43%. Conversely, AMMN led the decliners with a 3.65% drop, followed by BREN (-1.52%) and BRMS (-2.99%).

Sector Performance

Out of 11 sectors tracked, nine recorded declines, with the industrial sector experiencing the most significant drop at 1.76%. In contrast, the infrastructure sector bucked the trend by posting a 1.18% gain, becoming the top performer. Foreign investors recorded a net sell-off of Rp56.74 billion in the regular market and Rp73.42 billion across all markets.

OJK's New Free Float Regulations

In a significant regulatory development, the Financial Services Authority (OJK) is preparing to introduce new guidelines for minimum free float requirements. The regulator plans to initially set the threshold at 10% for companies planning to conduct Initial Public Offerings (IPOs). This is part of a broader plan to gradually increase the free float requirement to 25%, up from the current 7.5%. The proposed increase aims to enhance market liquidity and strengthen trading quality.

Dividend Announcement: Surya Pertiwi

In corporate news, Surya Pertiwi (SPTO) announced an interim dividend for the fiscal year 2025 amounting to Rp94.5 billion, representing approximately 53.48% of its cash and cash equivalents as of September 2025. The dividend payout stands at Rp35 per share. Key dates for investors include the cum-dividend date on November 24, ex-dividend on November 25, and payment date on December 12.

Market Recommendations

Several stocks were highlighted in today's investment recommendations, including CPRO (Buy: 66-69, TP: 71-73), ANTM (Buy: 3060-3070, TP: 3150-3220), and ELSA (Buy: 525-535, TP: 550-560). These recommendations come with appropriate stop-loss levels and are based on current market analysis. Investors are advised to consider their risk profiles before making investment decisions.