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SP 01/GKPB/OJK/I/2024

PRESS RELEASE

OPTIMISM IN INDONESIA'S CAPITAL MARKET PERFORMING BRIGHTER

Vice President of Republic of Indonesia Opens First Indonesia Stoc​k Exchange (IDX) Trading in 2024

Jakarta, January 2, 2024. Vice President of Republic of Indonesia K.H. Ma'ruf Amin extended appreciation for positive achievement in performance of the Capital Market and was optimistic that this achievement would improve various appropriate strategic policies for a brighter performance in 2024.

The remark was conveyed by the Vice President of Republic of Indonesia (VP) during the Indonesia Stock Exchange (IDX) Trading Opening 2024, held at the IDX Main Hall, Jakarta, Tuesday.

“The successful performance of IDX was driven by all the synergy from stakeholders and authority institutions, including Indonesia Financial Services Authority (OJK), through products and services quality enhancement and Indonesia's Capital Market ecosystem strengthening." said the Vice President.

Furthermore, the Vice President summarized three important directive measures in driving the Indonesia's Capital Market: 1) Improving innovation and digital technology utilization in services for investors in the Capital Market; 2) Optimizing and developing financing potentials through Capital Market, with public literacy improvement; and 3) Expanding network and synergy between stakeholders to promote stock trading in IDX.

Chairman of the Board of Commissioners of OJK Mahendra Siregar shares the same view as the Vice President. In his remarks, Mahendra emphasizes the various significant measures and steps for OJK to maximize the vast potential of the domestic economy.

“In order to maximise this vast potential of the domestic economy, OJK continuously upholds integrity, credibility, market good governance and all Capital Market ecosystem. This is carried out through accelerating the completion of examinations and integrated sanctions for financial service institutions. Another crucial thing is to provide protection to the investors and the public through market conduct supervision," he said.

Mahendra views that all anomalies in the Indonesia's Capital Market, including the abnormal movement of the stock price, will be reviewed, analyzed, and closely monitored to ensure no violation against the prevailing regulations.

He explained that the uncertain global economic development demands integrity and market governance from OJK as a regulator.

“The future fundraising and financing will rely more on greater domestic capacities, if it's accompanied by integrity, credibility, market governance, and guaranteed consumer protection," he stated.

Capital Market Performance

Capital Market year to date performance records growth, as shown by the stock price and IDX composite positive development.

As of December 29, 2023, the IDX Composite was closed at 7,272.80 point or a 6.16 percent year to date, and was the second highest in the ASEAN exchange performance, coming after Vietnam. The market value reached Rp11,674 trillion or 22.90 percent growth ytd.

The Indonesia Sharia Stock Index (ISSI) was closed at 212.64 points or corrected by 2.33 percent ytd compared to the position on December 30, 2022, at 217.73 points. Meanwhile, the market value was recorded at Rp6.146 trillion or a 28.41 percent (ytd) increase compared to the position on December 30, 2022, at Rp4,786.02 trillion.

On the other hand, the number of SID as of December 28, 2023, reached 12.16 million or 5 times the increase from the last 4 years. The SID majority is dominated by investors under 40 years old, with total ownership of 79.16 percent of the total SID.

Fundraising in the Capital Masrket through Public Offering continuously to increase. As of December 29, 2022, OJK issued Effective Statement Letter for the Registration Statement of Public Offering. The 222 public offering this year consists of 77 Initial Stock Public Offering, 25 Limited Public Offering, 120 Debt Securities and/or Sukuk Public Offering, with the overall Public Offering proceeds valuing to Rp255.21 trillion, beyond the target of Rp200 trillion in 2023. Eighty (80) out of the 222 Public Offering were carried out by new issuers.

Fundraising through Securities Crowdfunding keeps increasing. SCF has proven its benefits to 494 SME actors with the total of Rp1,043.81 billion raised from 168,068 investors through 16 SCF platforms. Indonesia Composite Bond Index (ICBI) grows by 8.63 percent from December 31, 2022, from 344.85 to 374.61.

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For more information:

Head of Literacy, Financial Inclusion and Communication Department - Aman Santosa;

Tel. (021) 29600000; E-mail: humas@ojk.go.id