OJK Says Funds Collected In The Capital Market Of IDR 54.24 Trillion Until March 2023

Illustration of the Indonesian capital market (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) noted that the funds raised through the capital market were recorded at IDR 54.24 trillion until March 31, 2023. Where, the number of issuers has only reached 24 issuers.

Chief Executive of the Capital Market Supervisory, Derivative Finance, and Carbon Exchange Financial Services Authority (OJK) Inarno Djajadi said, from January 1 to March 31, 2023, the Composite Stock Price Index fell 0.66 percent, but still recorded an inflow from non-resident investors of Rp6.62 trillion. "In the pipeline, there are still 107 public offering plans with a value of Rp123.83 trillion," said Inarno quoting Antara, Monday, April 3. As for fundraising at Securities Crowdfunding (SCF) which is an alternative funding for Micro, Small and Medium Enterprises (MSMEs), there are 16 SCF organizers who have obtained OJK permits, with 376 publishers, 145,908 investors, and a total of Rp817.68 billion. "The total number of investors growth trend also continues with the number of capital market investors reaching 10.76 million investors as of March 30, 2023," he said.

Meanwhile, in the bond market, the ICBI index rose 2.44 percent year to date (ytd) to 353.19. For the corporate bond market, the flow of non-resident investors was recorded at IDR 384.04 billion month to date (mtd) and IDR 292.02 billion ytd.

In the State Securities Market (SBN), as of March 30, 2023, non-residentially both mtd and ytd recorded an inflow of Rp11.98 trillion and Rp54.11 trillion. "The average yield of SBN in all tenors has decreased by 4.34 bps and ytd has decreased by 13.92 bps," he said. Furthermore, the value of net activation (NAB) mutual funds as of March 30, 2023 was recorded at Rp502.8 trillion, a decrease of 0.64 percent (mtd) with mutual fund investors posting net reemption of Rp4.44 trillion (mtd).

"In fact, NAB mutual funds contracted 0.41 percent and recorded a net reemption of Rp2.86 trillion," he said.