Terms behind the IDX

Plain-English definitions of IDX and MSCI terms used in the scenario library, with dated sources.

BI rate: The BI-Rate is Bank Indonesia's benchmark policy interest rate, decided by its Board of Governors to signal the stance of monetary policy.
Gorengan (speculative small-cap stocks): Gorengan, literally 'fried', is an informal Indonesian term for stocks whose prices rise or fall in an unusual, speculative way.
IHSG (Jakarta Composite Index): The IHSG, or Jakarta Composite Index, is the headline benchmark of the Indonesia Stock Exchange (IDX).
Index rebalancing: Index rebalancing is the scheduled review that changes which stocks an index holds.
MSCI free float: MSCI free float is the share of a listed company's outstanding shares that MSCI treats as available for purchase by international investors on public markets.
Trading halt and auto rejection on the IDX: Auto rejection sets the highest (ARA) and lowest (ARB) price a stock can trade at within one session, measured from its reference price, and the trading system rejects any order outside that band.