Macro Finance
GoTo Shares Plunge After Stock Exchange Removes Price Floor
Bloomberg Markets·September 28, 2026·1 min read
GoTo Group shares tumbled after Indonesia's stock exchange eliminated its 50-rupiah price floor, unleashing pent-up selling pressure from investors who had been unable to exit at the mandated minimum price. The removal of the floor allowed shares to trade freely, triggering a sharp decline as long-stalled sell orders executed.
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