OJK: JCI Corrected 0.23 Percent As Of July, Market Capitalization Reaches IDR 12,338 Trillion

JAKARTA - The Financial Services Authority (OJK) noted that the Indonesian stock market or the Composite Stock Price Index (JCI) was corrected by 0.23 percent year to date (ytd) in July 2024. Meanwhile, market capitalization rose 5.76 percent to Rp12,338 trillion ytd.

Chief Executive of Capital Market Supervisory, OJK's Derivative Finance & Carbon Exchange Inarno Djajadi said the JCI on July 31, 2024 strengthened by 2.72 percent to the level of 7,255.76.

Furthermore, Inarno also said that market capitalization also increased by 1.83 percent month to date (mtd).

In the stock market, the combined stock index rose 2.72 percent, month to date on July 31, 2024 to the level of 7,255.76 or year to date corrected 0.23 percent. With a market capitalization value of IDR 12,338 trillion, an increase of 1.83 percent month to date while year to date it rose by 5.76 percent," he said in a virtual press conference, Monday, August 5.

From a non-residential perspective, continued Inarno, it recorded a net buy of Rp6.68 trillion mtd, while Ytd still left a net sell of Rp1.05 trillion.

Meanwhile, in terms of raising funds in the capital market, continued Inarno, it is still in a positive trend. This can be seen from the value of the public offering reaching Rp129.9 trillion, of which Rp4.39 trillion is a fundraise of 28 new issuers.

"On the side of fundraising in the securities crowdfunding or SCF since the implementation of SCF provisions until July 30, 2024, there have been 17 organizers who have obtained permission from the OJK with 579 publishers, 159,957 investors and the total SCF collected and demonstrated in KSEI amounting to Rp1.15 trillion," he explained.

Inarno said in the bond market, the ICBI bond market index rose 1.09 percent mtd, an increase of 2.66 percent ytd to the level of 384.57. For the corporate bond market, non-resident investors recorded a net sell of IDR 0.58 trillion mtd, and the net sell was IDR 2.22 trillion ytd.

Meanwhile, continued Inarno, the SBN market recorded a net buy of IDR 4.9 trillion mtd. Meanwhile, YTD still posted a net sell of IDR 29.05 trillion.

"In investment management institutions or the value of under management assets or AUM, it was recorded at IDR 830.25 trillion, an increase of 0.51 percent month to date or 0.67 percent ytd," he said.

Dan tercatat net subscription sebesar Rp2,75 triliun month to date sementara year to date masih ada net indexion sebesar Rp12,53 triliun. Adapun pengumpun dana di pasar modal masih dalam trend yang positif, sambungnya.

Meanwhile, continued Inarno, in terms of carbon exchange trading, there were 70 service users who received permits with a total volume of 613,541,000 tons of equivalent CO2 and an accumulation of a value of IDR 37.04 billion until July 31, 2024.