JAKARTA - The Composite Stock Price Index (JCI) closed trading on Tuesday, June 14 at the level of 7.049.88. This note rose 0.78 percent from the previous day and grew 7.12 percent year to date.
In that position, the JCI established itself as a stock index with positive growth number one in the ASEAN and Asia Pacific regions, and number four in the world. Citing data from the Indonesia Stock Exchange (IDX), JCI growth was below the Turkish Stock Index BIST100, up 35.55 percent, Chile's IPSA stock index of 19.1 percent, and the Qatar DSM stock index of 9.88 percent.
Seeing the growth of the JCI, Acting President Director of BEI Hasan Fawzi assessed that out of nearly 40 major world exchanges, there were only 10 exchanges that showed positive growth. "We are grateful that the growth of the JCI which is still positive shows market optimism about the potential of the capital market and the Indonesian economy," Hasan told reporters in Jakarta, Tuesday, June 14.
Even so, Hasan explained, the JCI had experienced several declines. Primarily this was triggered by several factors, the main of which was the increase in world commodity prices, one of which was triggered by the uncertainty caused by the wars between Ukraine and Russia.
"The next effect triggers high inflation rates in almost all countries in the world which in turn raises concerns among investors that the central bank will raise interest rates aggressively," said Hasan.
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However, as a regulator, Hasan said, IDX will try to ensure that market melanism takes place in an orderly, fair and efficient manner, discloses information, and conveys this information in a symmetrical and balanced manner to market participants and investors, which in turn, we hope that investors will not panic and not overreact. and continue to monitor market developments and the condition of listed companies.
"Deep correction in the stock market is certainly not the first time this has happened, so we believe that with our Crisis Management Protocol and policy support and coordination between the Government, Bank Indonesia, and Financial Services Authority (OJK), negative impacts and risks that may occur can be properly mitigated," said Hassan added.
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