Indonesia bourse launches tech classification to lure investors

Exchange hopes to boost trading in new sectors, including health care

IDX executives say the old Jakarta Stock Industrial Classification no longer fits the needs of the bourse because of the wider variety of companies trading on the exchange. © Reuters

ERWIDA MAULIA, Nikkei staff writer

January 26, 2021 13:56 JST

JAKARTA -- The Indonesia Stock Exchange has launched a new industrial classification for over 700 companies listed on the bourse, seeking to attract more investment in technology and health care stocks as it looks to encourage trading amid the COVID-19 pandemic.

The new IDX Industrial Classification consists of 12 sectors, 35 subsectors, 69 industries and 130 subindustries. It took effect on Monday, replacing the 25-year-old Jakarta Stock Industrial Classification, or Jasica, which comprises just nine sectors and 56 subsectors.