IDX Composite index
What is the IDX Composite index?
The IDX Composite index lists and measures the performance of all stocks listed on the Indonesia Stock Exchange (IDX). It is also known as the JSX Composite - the Jakarta Stock Exchange index.
Where have you heard about the IDX Composite index?
In 2016, the IDX Composite index was reported as one of the best performing benchmarks in Asia, recording a rise of 15.32%. This followed a 15% fall in 2015 after slow economic growth and a spike in US Federal Reserve interest rates caused volatility in the market.
What you need to know about the IDX Composite index.
The IDX Composite index uses companies listed on the Indonesia Stock Exchange for its index calculation.
The Indonesia Stock Exchange was known as the Jakarta Stock Exchange (JSX) until 2007 when it merged with the Surabaya Stock Exchange (SSX). The Indonesia Stock Exchange Composite index then became the new name for the Jakarta Stock Exchange Composite index.
In Indonesian the index translates to Indeks Harga Saham Gabungan, which is abbreviated to IHSG.