Foreign Capital Flow Reaches IDR 6.37 Trillion On The Third Week Of December 2023

Illustration. (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) noted that there was an inflow of foreign capital in the third week of December 2023, non-residents in the domestic financial market recorded a net purchase of IDR 6.37 trillion.

Executive Director, Head of the BI Communication Department Erwin Haryono said that the flow of foreign funds was included in both the state securities market (SBN), the stock market, and the Rupiah Securities of Bank Indonesia (SRBI).

"Based on transaction data from 18 21 December 2023, non-residents in the domestic financial market were recorded to have bought a net of IDR 6.37 trillion," Erwin explained in his statement, Sunday, December 23.

Erwin said that this amount consisted of net sales of Rp0.12 trillion in the Government Securities (SBN) market and bought net Rp1.52 trillion in the stock market. In addition, it was also recorded that Rp4.97 trillion in capital flows were included in Bank Indonesia's Rupiah Securities (SRBI).

According to Erwin, the premium risk of investment in Indonesia decreased as reflected in the premium credit default swap (CDS) Indonesia 5 years as of December 21, 2023, amounting to 68.64 bps, a limited decrease compared to December 15, 2023, amounting to 68.78 bps.

Meanwhile, the yield rate of SBN 10 years on Friday morning 22 December fell to 6.45 percent, from 6.48 percent on Thursday 21 December.

In addition, if you look at it based on data from the beginning of 2023 to December 21, 2023, it was recorded that foreign funds entered the SBN and SRBI markets. Meanwhile, non-residents bought net worth IDR 81.40 trillion in the SBN market and bought net worth IDR 52.81 trillion in SRBI.

However, in the stock market, foreign funds were recorded to have come out of Rp11.61 trillion from January 2023 to December 21, 2023.

Erwin said Bank Indonesia continues to strengthen coordination with the Government and relevant authorities and optimize policy mix strategies to maintain macroeconomic and financial system stability in order to support further economic recovery.