Chairperson of Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar (Photo: Antara) The Indonesian capital market had survived in 2022 and its performance tended to be very positive and even the best among the ASEAN and Asian countries in general, he remarked at the inauguration of the 2023 Indonesia Stock Exchange Trading.
Siregar noted that the positive achievement was apparent from the performance of the Indonesia Composite Stock Exchange (IHSG) in 2022 that closed at 4% higher than the index reached at the closing time of the trading in 2021.
In addition, the trading activity in 2022 also experienced a significant increase, as the frequency of daily transactions reached 1.31 million times, making it the largest in ASEAN.
Furthermore, market capitalisation in Indonesia is also the highest, reaching 600 billion USD – equivalent to 50% of the country’s gross domestic product (GDP).
The OJK official also noted that 59 companies had issued their initial shares (IPO) on the stock exchange in 2022.
The number of capital market investors also increased to 10.3 million investors, thereby translating to a 10-fold or a 1,000% increase since 2017, and was dominated by domestic investors, reaching 55 percent of the total investors.
About 58.7% of them were members of the millennial generation and Generation Z. These are extraordinary achievements, Siregar said.
He emphasised that the achievements were very positive, especially when the closing of trading on December 30, in other countries, such as the European states, were unfavorable, according to the report of one of the international financial media.
The stock markets in Europe fell significantly due to the Russia-Ukraine conflict, high inflation, and tight monetary policies./.
VNA
