Stock Index Drops 8.73 Percent Over Last Week, Stock Market Capitalization Decreases By IDR 690.45 Trillion

Indonesia Stock Exchange Building. (Angga Nugraha/VOI)

JAKARTA - The decline in the Composite Stock Price Index (JCI) over the past week (9-13 May) has automatically undermined the stock market capitalization value. As of Friday, May 13, the value was IDR 8,864.56 trillion.

The data is contained in a press release on the Indonesia Stock Exchange (IDX), Friday, May 13. The stock market capitalization value fell 7.23 percent from the previous week's Rp.9555.01 trillion.

This means that the stock market capitalization value over the past week has decreased by IDR 690.45 trillion.

This note is inseparable from the decline in the Composite Stock Price Index (JCI) which fell 8.73 percent to 6,597.99 from 7,228.91 in the previous week.

Then, the average daily transaction volume of the stock exchange closed down 11.56 percent to 21.573 billion shares from 24.393 billion shares at the close of the previous week. Meanwhile, the average daily transaction value of the stock exchange also fell 14.63 percent to Rp. 20.45 trillion from Rp. 23.95 trillion.

Meanwhile, there was an increase in the average daily frequency of the stock exchange by 3.54 percent to 1.52 million times from 1.46 million times in the previous week.