IDX to Suspend Trading on Voting Day

Over the past decade, the impact of terror attacks on the Jakarta Composite Index (JCI) have become less noticeable, ranging from a 0.55 percent decline in the day after suicide bombs attacks on the J.W. Marriot and Ritz-Carlton hotels in South Jakarta in July 2009, to a 0.23 percent increase after the suicide bomb attack at Kampung Melayu in East Jakarta in May this year. (Reuters Photo/Iqro Rinaldi)

By : Sarah Yuniarni | on 2:05 PM April 18, 2017
Category : Business, Markets

Jakarta. The Indonesia Stock Exchange, or IDX, announced on Tuesday (18/04) that all trading activities will be suspended on Wednesday to allow Jakarta residents to cast their ballots in the second round of the gubernatorial election.

The announcement comes on the heels of President Joko "Jokowi" Widodo's decree last Friday declaring April 19 a public holiday in the capital.

Bank Indonesia also announced that it will provide only limited operations on voting day.

The central bank's representative office in Jakarta will close on Wednesday, though offices outside the province are expected to operate normally.

Trading on the IDX is expected to resume on Thursday.

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