OJK: Indonesia's Stock Market Weakens Slightly

Member of the Board of Commissioners of the Financial Services Authority Inarno Djajadi. (Photo: Doc. ANTARA)

JAKARTA - The Financial Services Authority (OJK) reported the results of the Board of Commissioners' Meeting (RDK) on 27 September.

Chief Executive of the Capital Market, Derivative Finance and Carbon Exchange Supervisory Board Member of the Board of Commissioners of the Financial Services Authority Inarno Djajadi said the Indonesian stock market until September 29, 2023 fell slightly by 0.19 percent mtd to the level of 6,939.89 from the previous month at the level of 6,953.26.

"With non-residential records an outflow of Rp4.06 trillion mtd, mainly due to crossing transactions," he said at the OJK Board of Commissioners Meeting in September, Monday, October 9.

He also revealed that several sectors in the JCI in September 2023 could still strengthen, including the raw goods sector and the energy sector.

Then ytd, the JCI was recorded to have strengthened by 1.30 percent with non-residential posted a net sell of IDR 5.24 trillion.

Meanwhile, on the liquidity of transactions, the average value of stock market transactions in September 2023 increased to Rp11.36 trillion mtd and Rp10.49 trillion ytd.

"In line with global movements, the SBN market posted an outflow of foreign investors of Rp. 23.30 trillion mtd, encouraging an increase in the average SBN yield of 26.54 bps mtd in all tenors," explained Inarno.

On a ytd basis, SBN yields decreased by an average of 15.38 bps across all tenors with non-residential net buys of IDR 60.81 trillion ytd.

In the corporate bond market, the ICBI bond market index fell 1.18 percent mtd but ytd still rose 5.91 percent to 365.17.

For the corporate bond market, the flow of non-resident investors was recorded at IDR 349.15 billion mtd, and ytd was still recorded as an outflow of IDR 911.13 billion.

Meanwhile, in the investment management industry, the value of asset under management (AUM) for investment management was recorded at IDR 838.18 trillion (up 1.29 percent ytd), with the value of mutual funds (NAB) as of September 27, 2023, recorded at IDR 507.98 trillion, down 1.02 percent (mtd).

"In addition, mutual fund investors posted a net subscription of Rp0.96 trillion (mtd). In ytd, NAB increased by 0.62 percent and recorded a net subscription of Rp9.54 trillion," concluded Inarno.