Up 1.05 Percent, IHSG October Reaches 7,606.6

JAKARTA - The Financial Services Authority (OJK) revealed that during October 2024, the Composite Stock Price Index (IHSG) strengthened by around 1.05 percent mtd to the level of 7,606.6 or year to date (YTD) strengthened by 4.59 percent.

Member of the OJK Board of Commissioners Friderica Widyasari Dewi said that the market capitalization value was recorded at IDR 12.719 trillion or increased by 1.33 percent month to date (mtd) or increased by 9.02 percent ytd.

"The domestic stock market as of October 29, 2024 strengthened by around 1.05 percent mtd to the level of 7,606.6," she said in an online press conference in Jakarta, Friday, October 1.

She continued, non-resident net sales were recorded at IDR 9.5 trillion mtd but ytd net buys were recorded at IDR 40.14 trillion.

"In the bond market, the ICBI bond market index weakened 1.1 percent mtd or rose 4.62 percent ytd to 391.9 and non-resident non-corporate investors recorded a net sale of IDR 0.1 trillion mtd or ytd of net sale of IDR 2.66 trillion," explained Kiki, Frederica's nickname.

Furthermore, in the investment processing industry, the value of assets under management (AUM) was recorded at IDR 855.89 trillion or increased 1.52 percent mtd or increased 3.78 percent ytd on October 29, 2024 with mutual funds net subscription of IDR 7.54 trillion mtd.

"While ytd is still net redemption of IDR5.26 trillion," said Kiki.

Meanwhile, Kiki continued, fundraising in the capital market is still in a positive trend. The recorded value of public offerings reached IDR159.19 trillion, of which IDR4.66 trillion was fund raising from 30 new issuers.

"For fundraising in securities crowd funding since the enactment of the provisions until October 25 this year, there have been 17 organizers who have received permission from the OJK with 650 securities issuers, 166,515 investors and total security crowd funding funds collected and administered at KSEI amounting to IDR1.26 trillion," said Kiki.