Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) will reallow short selling transactions in the near future after freezing then in October last year for allegedly causing turmoil in the country`s money market.
"BEI will allow short selling transactions beginning May 1, 2009 but it will be subject to a new regulation," director for share trading, research and development of BEI Sembiring said here on Monday.
Short selling transactions at the BEI sparked pros and cons among market players after the stock market experienced turbulence last year.
Sembiring said that in line with its plan to permit short selling transactions again, BEI had invited 120 bourse members to popularize a BEI regulation on short selling and margin transactions.
The BEI official said that BEI in April would issue a list of margin shares, short selling stocks and securities based on the criteria of the new regulation.
Sembiring said that of the 120 bourse members invited only 116 attended the socialization of the new regulation.
"BEI will continue to popularize it to market players so that they would understand the requirements between that for the margin transactions and short selling transactions," Sembiring said.
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