OJK Chairman: Indonesia's Stock Market Capitalization Only Reaches 46 Percent Of GDP In 2023

OJK Chairman Mahendra Siregar (Photo: dock. Antara)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar revealed that the value of the Indonesian capital market capital capitalization market has not been maximized throughout 2023.

Mahendra said the market value of Indonesia's capital market capital capital capital capital capitalization was far behind other countries in Southeast Asia (ASEAN).

"The value of Indonesia's capital market capital capital capital capital capital capital capitalization has only reached 46 percent of GDP compared to certain ASEAN countries which have reached more than 100 percent," Mahendra said at the opening of trading at the 2024 exchange, Tuesday, January 2.

In addition, Mahendra said that the number of incoming investors is still relatively small in the midst of Indonesia's potential demographic bonus.

"Likewise with the number of investors or Single Investor Identification (SID), we have only reached 6.4 percent of the productive age population in Indonesia," he said.

Therefore, Mahendra continued, his party will also make maximum efforts to achieve better targets in 2024.

"This step is, among other things, through accelerating the completion of examinations and regulating integrated sanctions for financial service institutions," he said.

In addition, OJK will provide protection for investors and the public, including by monitoring the behavior of financial service actors or market contacts.

Then, ensure that all anomalies or Unsual Market Activity (UMA), including abnormal stock price movements to review, analyze, and also closely monitor.

"So as to ensure that there are no violations of the applicable regulations," he said.