Indonesian bourse introduces new industrial classification for listed companies

The Indonesia Stock Exchange launched a new industrial classification for listed companies to accommodate more entities coming from a wider variety of sectors, subsectors and industries, The Nikkei reported, citing bourse officials.

The IDX Industrial Classification, which took effect Jan. 25, comprises 12 sectors, 35 subsectors, 69 industries and 130 subindustries. It replaces the Jakarta Stock Industrial Classification, or Jasica, which comprised just nine sectors and 56 subsectors.

Under the new classification, the bourse introduced new sectors, including technology and healthcare, to attract more investments in those stocks. Previously, listed healthcare companies were classified under trade, services and investment.