"We are still monitoring it. The IDX always monitors market situation under any condition," IDX president director Ito Warsito said here on Friday.
He said the capital market authorities are also still discussing measures it would take in case the index dropped sharply again.
"The exchange authorities have implemented the Crisis Management Protocol (CMP) to meet any possibilities that may happen in the market situation.The exchange has also discussed decisions that need to be taken in view of certain market conditions," he said.
Ito said CMP is a step usually taken at a state level as a precautionary measure to handle a crisis in case the impact of a global economic crisis starts to be felt.
In connection with the current global crisis he said that it had made global stock markets depressed quite significantly causing the Indonesia Stock Exchange index to drop.
"Actually the problem is in the global financial market and the rupiah exchange rate has also dropped quickly causing uncertainty among investors. They finally sold their shares while waiting for good news that may convince the market," he said.
The IDX index dropped 328.35 (8.88 percent) to 3,369.14 at the close on Thursday while the LQ45 of blue chips slid 65.184 or 10.14 percent to 578.21.
The index was up at the first session of trading on Friday 25.613 (0.76 percent) to 3,394.756 while the LQ45 up 8.820 (1.5 percent ) to 587.03.
(Uu.H-YH/O001)
Editor: Priyambodo RH
Copyright © ANTARA 2011
