Indonesia’s stock market capitalization reaches Rp12,719 trillion by October 2024

Jakarta – The Financial Services Authority (OJK) reported that the level of the Indonesian domestic stock market was recorded to have strengthened by 1.05 percent month-to-date (mtd) to the level of 7,606.6 or year to date (ytd) strengthened by 4.59 percent as of October 29, 2024. 

Meanwhile, its market capitalization value was recorded at Rp12,719 trillion, up 1.33 percent mtd or up 9.02 percent ytd.

“Where non-residents recorded a net sale of IDR 9.5 trillion mtd, but on a ytd basis there was still a net buy of IDR 40.14 trillion,” said Chief Executive of the Financial Services Business Conduct Supervisor, Education and Consumer Protection of the Financial Services Authority (OJK), Friderica Widyasari Dewi during the October 2024 Monthly RDK (RDKB) press conference virtually, Friday, November 1, 2024.

Furthermore, Friderica explained, for the bond market, the ICBI bond market index weakened 1.1 percent mtd or rose 4.62 percent ytd to 391.9, where non-resident investors in corporate bonds recorded a net sale of Rp0.1 trillion mtd or ytd of net sale of Rp2.66 trillion.

For the investment management industry itself, the value of assets under management was recorded at Rp855.89 trillion, up 1.52 percent mtd or up 3.78 percent ytd as of October 29, 2024 with mutual funds recording a net subscription of Rp7.54 trillion mtd while ytd there was a net redemption of Rp5.26 trillion.

“Meanwhile, fundraising in the capital market is still on a positive trend with the value of public offerings reaching Rp159.19 trillion, of which 4.66 trillion is fundraising from 30 new issuers,” added the woman who is familiarly called Kiki.

For fundraising on security score funding since the implementation of the security score funding provisions until October 25 this year, there have been 17 organizers who have obtained permission from OJK with 650 securities issuers, 166,515 investors and a total of Rp1.26 trillion in security score funding funds collected and administered at the Indonesian Central Securities Depository (KSEI).

Then, for the carbon exchange, Kiki explained that there were 90 service users who obtained permits with a total volume of 614,454 tons of CO2 equivalent with an accumulated value of Rp37.09 billion in the period September 26, 2023 to October 29, 2024.

In terms of enforcement of provisions and consumer protection in the capital market sector, he said that from September 25, 2024 to October 2024, OJK had imposed administrative sanctions in the form of fines with a total fine of Rp2.7 billion to 2 parties and 2 investment managers. 

“Meanwhile, to strengthen the regulatory framework and development of the capital market industry, OJK is also preparing several provisions, including RPOJK development and strengthening of securities transactions and institutions, RPOJK development and strengthening of issuers and public companies, as well as several regulations in the field of investment management,” he concluded. (*)

Indonesia’s stock market capitalization reaches Rp12,719 trillion by October 2024

Jakarta – The Financial Services Authority (OJK) reported that the level of the Indonesian domestic stock market was recorded to have strengthened by 1.05 percent month-to-date (mtd) to the level of 7,606.6 or year to date (ytd) strengthened by 4.59 percent as of October 29, 2024. 

Meanwhile, its market capitalization value was recorded at Rp12,719 trillion, up 1.33 percent mtd or up 9.02 percent ytd.

“Where non-residents recorded a net sale of IDR 9.5 trillion mtd, but on a ytd basis there was still a net buy of IDR 40.14 trillion,” said Chief Executive of the Financial Services Business Conduct Supervisor, Education and Consumer Protection of the Financial Services Authority (OJK), Friderica Widyasari Dewi during the October 2024 Monthly RDK (RDKB) press conference virtually, Friday, November 1, 2024.

Furthermore, Friderica explained, for the bond market, the ICBI bond market index weakened 1.1 percent mtd or rose 4.62 percent ytd to 391.9, where non-resident investors in corporate bonds recorded a net sale of Rp0.1 trillion mtd or ytd of net sale of Rp2.66 trillion.

For the investment management industry itself, the value of assets under management was recorded at Rp855.89 trillion, up 1.52 percent mtd or up 3.78 percent ytd as of October 29, 2024 with mutual funds recording a net subscription of Rp7.54 trillion mtd while ytd there was a net redemption of Rp5.26 trillion.

“Meanwhile, fundraising in the capital market is still on a positive trend with the value of public offerings reaching Rp159.19 trillion, of which 4.66 trillion is fundraising from 30 new issuers,” added the woman who is familiarly called Kiki.

For fundraising on security score funding since the implementation of the security score funding provisions until October 25 this year, there have been 17 organizers who have obtained permission from OJK with 650 securities issuers, 166,515 investors and a total of Rp1.26 trillion in security score funding funds collected and administered at the Indonesian Central Securities Depository (KSEI).

Then, for the carbon exchange, Kiki explained that there were 90 service users who obtained permits with a total volume of 614,454 tons of CO2 equivalent with an accumulated value of Rp37.09 billion in the period September 26, 2023 to October 29, 2024.

In terms of enforcement of provisions and consumer protection in the capital market sector, he said that from September 25, 2024 to October 2024, OJK had imposed administrative sanctions in the form of fines with a total fine of Rp2.7 billion to 2 parties and 2 investment managers. 

“Meanwhile, to strengthen the regulatory framework and development of the capital market industry, OJK is also preparing several provisions, including RPOJK development and strengthening of securities transactions and institutions, RPOJK development and strengthening of issuers and public companies, as well as several regulations in the field of investment management,” he concluded. (*)