BEI reminds investors to invest in the capital market for the long term

JAKARTA - Acting President Director of PT Bursa Efek Indonesia (BEI) Jeffrey Hendrik gave a message that investing in the capital market is an investment instrument for the long term.

"Yesterday when there was a visit from the DPR and Danantara here, it was also conveyed that investing in the capital market is a long-term investment," Jeffrey told the media at the BEI Building, Jakarta, quoted by Antara, Friday, May 22.

Jeffrey still believes that the national economic fundamentals will get better in the future. "We both believe that the economic fundamentals in the future will get better," said Jeffrey.

He again reminded the message from President Prabowo Subianto in his speech at the DPR Plenary Meeting on Wednesday, May 20, regarding the ease of licensing in business.

"Yesterday there was also a message from the President (Prabowo Subianto) that it would be easier to do business, licensing would also be made easier from two years to be expected in a matter of weeks," said Jeffrey.

Through this facility, he is optimistic that it will have a positive impact on the economy, including the Indonesian capital market in the medium to long term.

"Of course it will have a positive effect on the economy, and later of course the implications for the capital market in our long-term medium term. So we are positive," said Jeffrey.

In his speech at the DPR Plenary Meeting, President Prabowo Subianto asked the ministers in the Red and White Cabinet to improve bureaucratic governance in order to create a good business climate in the country, including speeding up business licensing.

In addition, the President also highlighted the need for government steps to facilitate and accelerate the licensing process for businesses. He specifically referred to neighboring Malaysia which can issue permits in just two weeks, compared to Indonesia which takes two years.

Then, the President also mentioned the need for bureaucratic simplification, considering that there are too many layers that can hinder business activities in Indonesia. The bureaucracy is marked by the need for a period of issuance of technical regulations to recommendations at the ministerial/institutional level.

Meanwhile, data on the closing of trading on Thursday, May 21 afternoon, the JCI closed down 223.56 points or 3.54 percent to 6,094.94. Meanwhile, the group of 45 leading stocks or the LQ45 index fell 14.28 points or 2.26 percent to 616.40.

Based on the IDX-IC Sector Index, all or eleven sectors were corrected, namely the raw materials sector fell by the lowest 6.96 percent, followed by the energy sector and the non-primary consumer goods sector which fell by 6.74 percent and 5.70 percent respectively.

Meanwhile, the frequency of stock trading was recorded as many as 2,145,783 transactions with a total number of shares traded as many as 35.77 billion shares worth Rp. 18.49 trillion. A total of 88 shares rose, 663 shares fell, and 69 did not move in value.