IDX to Add 37 New Issuers in High Shareholding Concentration List

Tempatdonasi.com – Thinking Process: 1. **Analyze the Request:** * **Role:** Professional editor rewriting articles. * **Task:** Rewrite the provided article into a new, unique version with proper HTML formatting. * **Source URL:** https://en.tempo.co/read/2113694/idx-to-add-37-new-issuers-in-high-shareholding-concentration-list * **Original Title:** IDX to Add 37 New Issuers in High Shareholding Concentration List * **Original Content:** A news report about IDX revising HSC calculation methods, adding a “price impact ratio” criterion, Jeffrey Hendrik’s explanation, impact on 37 issuers (total 51), exclusion from major indexes (LQ45, IDX30, IDX80), and timing with LQ45 review. * **Language:** English (preserve source language). * **Constraints:** * Preserve factual accuracy (names, dates, numbers, quotes). * Do NOT copy sentences verbatim; avoid long phrases (no 8+ consecutive words). * Change structure: reorder paragraphs and vary wording. * Preserve direct quotes using `

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`. * *Word Count:* I need to write extensively. 5. **Drafting Content (Iterative expansion):** * *Intro:* The Indonesia Stock Exchange (IDX) has officially announced a significant update to its methodology for determining high shareholding concentration. This adjustment introduces a fresh metric known as the price impact ratio. Jeffrey Hendrik, serving as a director within the exchange, highlighted that this modification aligns with the broader goals of capital market reform. * *Explaining the Metric:* Previously, the calculation relied on certain parameters. Now, the focus shifts toward how stock prices react to trading activity. Specifically, the new rule examines the relationship between price movement and velocity. Velocity is essentially determined by the volume of transactions occurring in the market. When a stock experiences low trading volume, it typically exhibits low velocity. However, if the price moves considerably despite this lack of volume, the resulting price impact ratio becomes elevated. * *Applicability:* This specific criterion targets companies with a market capitalization exceeding Rp10 trillion. At present, there are 171 such issuers meeting this threshold. By applying the updated formula, the exchange has identified an additional 37 entities that now qualify under the high shareholding concentration classification. Consequently, the cumulative count of stocks falling into this category has risen to 51. * *Implications:* It is crucial to note that being labeled as an HSC stock does not imply any regulatory breach. Instead, it signals a particular ownership structure. One direct consequence of this designation involves exclusion from prominent market indices. Stocks currently flagged as HSC will be removed from major benchmarks including the LQ45, IDX30, and IDX80 indices. This ensures these indices reflect a diverse range of trading activities. * *Quotes:* I need to insert the quotes properly. * Quote 1: “Low velocity with significant price changes results in a high price impact ratio,” said Jeffrey during a press conference at the Indonesia Stock Exchange office on Tuesday, July 14, 2026. * Quote 2: “The LQ45 review will kick off at the end of July and be enforced in early August. Therefore, we are announcing it today to utilize the new method in time with the LQ45 review period and in the following periods every 3 months,” he said. * *Expansion for Word Count:* I need to add more context. * Discuss the importance of liquidity. * Discuss investor confidence. * Mention the date again (July 14, 2026). * Elaborate on the quarterly evaluation cycle. * Talk about the transparency aspect. * *Checking Consecutive Words:* I must avoid phrases like “Indonesia Stock Exchange (IDX) has revised the methods” (too close to source). I’ll change it to “The local bourse has updated its procedures”. * *Checking Word Count:* I will write longer paragraphs and elaborate on the definitions provided in the text. 6. **Refining and Formatting:** * Use `

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` for quotes. * Ensure no markdown code blocks around the final output. * Ensure minimum 600 words. *(Self-Correction during drafting)*: I need to make sure I don’t just repeat the same point. I should explain *why* low velocity matters. Low velocity means fewer trades, so a price jump is more significant. I should also mention that this helps in identifying stocks where a few holders might control the price movement more easily. Let’s count words roughly as I draft. Intro: ~100 words. Metric Explanation: ~150 words. Numbers/Issuers: ~100 words. Index Exclusion: ~100 words. Timeline/Quotes: ~100 words. Conclusion/Context: ~100 words. Total should be around 650. *Quote Check:* Source: “Low velocity with significant price changes results in a high price impact ratio,” My Draft: “Low velocity with significant price changes results in a high price impact ratio,” (Keep exact for quote block). Source: “The LQ45 review will kick off at the end of July and be enforced in early August. Therefore, we are announcing it today to utilize the new method in time with the LQ45 review period and in the following periods every 3 months,” My Draft: “The LQ45 review will kick off at the end of July and be enforced in early August. Therefore, we are announcing it today to utilize the new method in time with the LQ45 review period and in the following periods every 3 months,” (Keep exact for quote block). *Wait, one constraint:* “Do NOT copy sentences verbatim; avoid long phrases (no 8+ consecutive words)”. Does this apply to quotes? Usually, quotes are exempt because they are quotes. But to be safe, I will ensure the surrounding text doesn’t copy verbatim. The quotes themselves are direct speech, so they stay as is. However, I need to make sure the narrative parts don’t have 8+ consecutive words matching the source. Source: “IDX director Jeffrey Hendrik said the new method is part of the agency’s commitment to carry out capital market reform.” My version: “Jeffrey Hendrik, who serves as a director at the exchange, noted that this approach supports the ongoing efforts to reform the capital market.” (Safe). Let’s start writing the HTML. *Word Count Strategy:* I will expand on the definition of HSC, the role of the indexes, and the specific mechanics of the price impact ratio to ensure I hit the 600-word mark without fluff. *Structure:*

Headline

Intro paragraph

Understanding the New Price Impact Ratio

Detailed explanation

Quote 1

More details on the 171 issuers and the 37 new ones.

Implications for Market Indices

Discussion on LQ45, IDX30, IDX80.

Quote 2

Conclusion on the quarterly cycle and future outlook.

*Let’s write.* (Drafting text mentally to check length) The Indonesia Stock Exchange (IDX) has officially unveiled a comprehensive update to its methodology for assessing high shareholding concentration. This strategic revision introduces a novel metric termed the price impact ratio, designed to capture nuances in stock behavior that previous calculations might have overlooked. Jeffrey Hendrik, a prominent director within the exchange leadership, emphasized that this adjustment is a critical component of the agency’s broader dedication to executing thorough capital market reforms. Under the updated framework, the calculation now places greater emphasis on the correlation between price fluctuations and trading velocity. Velocity, in this context, is directly influenced by the volume of transactions taking place. When a particular stock experiences a relatively low level of trading activity, it is characterized by low velocity. However, if the share price undergoes substantial movement despite this limited activity, the resulting price impact ratio increases significantly. This dynamic allows the exchange to identify stocks where price movements are driven more by concentrated ownership rather than broad market participation. “Low velocity with significant price changes results in a high price impact ratio,” said Jeffrey during a press conference at the Indonesia Stock Exchange office on Tuesday, July 14, 2026. This newly implemented criterion is specifically applicable to issuers that possess a market capitalization valued above Rp10 trillion. Currently, there are 171 such companies that meet this financial threshold. By applying the revised calculation formula, the IDX has pinpointed an additional 37 issuers that now fall under the high shareholding concentration category. As a result of this inclusion, the total number of stocks classified with high ownership concentration has grown to 51. It is important for investors to understand that being designated as an HSC stock does not necessarily indicate a violation of existing capital market regulations. Rather, it reflects a specific ownership structure that may influence trading dynamics. One immediate consequence of this designation is the potential exclusion of these stocks from major market indices. Specifically, stocks currently identified as HSC will be removed from prominent benchmarks such as the LQ45, IDX30, and IDX80. This step ensures that these indices continue to represent a balanced and liquid segment of the market. The timing of this announcement is closely aligned with the IDX’s regular quarterly evaluation schedule. “The LQ45 review will kick off at the end of July and be enforced in early August. Therefore, we are announcing it today to utilize the new method in time with the LQ45 review period and in the following periods every 3 months,” he said. This proactive approach demonstrates the exchange’s commitment to maintaining transparency and efficiency in the Indonesian capital market. By refining the criteria for high shareholding concentration, the IDX aims to provide clearer signals to market participants regarding stock liquidity and ownership distribution. The integration of the price impact ratio offers a more sophisticated tool for evaluating how individual stocks perform relative to their trading volume. This enhanced measurement capability supports the overall goal of fostering a healthier investment environment. Furthermore, the exclusion of HSC stocks from major indices serves to protect the integrity of these benchmarks. Investors who rely on these indices for