The Indonesia Stock Exchange (IDX) launched three new stock indexes on Thursday (May 17) as an alternative reference for investors and traders in the market.

It includes IDX High Dividend 20 that groups 20 publicly-listed companies, which regularly distributed dividends to its shareholders for the last 3 years and have a daily average of regular transactions of more than Rp1 billion in the last 3 months, 6 months, and 12 months. IDX High Dividend 20 Index is selected based on dividend yield, liquidity criterion, and market capitalization.

Another two new stock indexes are IDX BUMN20 and Jakarta Islamic Index 70 (JII70). IDX BUMN20 is a price index of 20 state-owned companies, region-owned companies, and affiliates; while JII70 is an index of 70 sharia companies that have high transaction liquidity.