Indonesia’s market watchdog said newly listing firms will be required to double their minimum free float – the number of shares available for public trading – to 15%. The announcement “highlighted investor concerns on low free float, opaque shareholding structures and scope for share price manipulation by related parties”. Critics argued that this level of concentration leaves Indonesia’s market unusually vulnerable to distortion. Over the same period, the MSCI Indonesia Index, which applies stricter investability rules, fell 3.6%. The Financial Service Authority aims to implement a higher free float requirement by March at the latest.

Source: The Star February 06, 2026 09:05 UTC