The Indonesia Stock Exchange is ready to release a new industrial classification index entitled IDX Industrial Classification (IDX-IC) today, on Monday (25/1). The new index will replace the Jakarta Stock Industrial Classification (JASICA).

The change in sectoral indices that will be carried out by the Indonesia Stock Exchange (IDX) will make it easier for investors to observe issuers' performance in each sector.

IDX-IC will be used together with JASICA in a transition period of 3 months before finally JASICA to be replaced.

JASICA has been used to classify issuers by sector based on the principle of their economic activity, while IDX-IC uses market exposure or final services produced by listed companies.

JASICA classifies issuers into two levels, namely, sectors and subsectors. Meanwhile, in the new classification, IDX-IC conducts a more detailed division into four classes: sector, sub-sector, industry, and sub-industry.

One of the drastic changes from the IDX-IC system is that metal mining companies, such as ANTM, INCO, TINS, are included in the raw goods category (IDXBASIC) from the previous mining index (JAKMINE).