When can I buy, sell, or exercise rights and warrants on Pluang?
Trading and exercise windows differ substantially between rights and warrants on Pluang. Rights trade only on the TN (cash) market during session 1 — 09:00–12:00 WIB Monday–Thursday and 09:00–11:30 WIB Friday — with exercise also limited to that window, and buying/selling only possible until the Trading End date. Warrants trade on the RG market across both sessions, with exercise likewise allowed in either session. Orders submitted outside the allowed session are queued for the next valid trading session rather than rejected.
Rights and warrants — sessions and markets at a glance:
| Action | Rights (-R) | Warrants (-W) |
|---|---|---|
| Buy in market | TN market, session 1 only | RG market, both sessions |
| Sell in market | TN market, session 1 only (until Trading End date) | RG market, both sessions |
| Exercise | Session 1 only, within exercise period | Both sessions, within exercise period |
| Order type | Tunai (TN), expiration "Session" | Standard regular order |
Why the difference? Rights are short-window instruments tied to a specific capital-raise — IDX rules limit them to the TN cash market during session 1. Warrants are long-dated tradeable securities and trade on the standard regular market like any other stock.
Outside trading hours: if you submit an order outside the allowed session, the order is queued for the next valid trading session within the relevant window.
Related questions:
Q: What is session 1 on the IDX?
For rights on the TN market, session 1 runs 09:00–12:00 WIB Monday–Thursday and 09:00–11:30 WIB Friday — wider than the regular market's session 1. Session 2 isn't used for rights at all.
Q: Can I exercise my warrants on a non-trading day?
No. Exercise only processes during regular IDX trading sessions on actual trading days. Submitting outside those hours queues the order for the next valid session.
Q: What is the TN (Tunai) market?
TN is the cash market on the IDX, for instruments settling same-day or short-cycle. For rights, it operates 09:00–12:00 WIB Monday–Thursday and 09:00–11:30 WIB Friday.
Q: Until when can I sell rights in the market?
Up until the Trading End date. After that, the rights trading window shuts entirely — only exercise remains, selling is no longer possible.