The implementation of lower and upper limit rates for online taxis by the Ministry of Transportation, is considered to bring fresh air to regular taxi stocks.

PT Blue Bird Tbk (BIRD) shares in trading today, at around 11:28 pm, rose 50 points or 1 percent to Rp 5,050 per share, with stocks moving in the range of Rp 5,000 to Rp 5,050 per share.

Meanwhile, the shares of PT Express Transindo Utama Tbk (TAXI) did not change at that time at Rp 119 per share position, but when viewed from the opening until around 11:28 pm it is around Rp 119 to Rp 121 per share.

Binaartha Securities analyst Reza Priyambada said the regulation gave sentiment to the stock price movements of both regular taxi operators.
"Market participants have the perception that the tariff is more or less the same then the performance deterioration in ordinary taxi operators will decrease," said Reza, Jakarta, Tuesday (4/7/2017).

Ministerial Regulation No. PM. 26 of 2017 on the Implementation of Transport of People With No Public Motor Vehicles In Trajectory effective as a whole on July 1, 2017.

The lower limit tariff for region I amounts to Rp 3,500 and the upper limit of Rp 6,000, while for region II the lower limit is Rp 3,700 and the upper limit is Rp 6,500.