JAKARTA - The Financial Services Authority (OJK) noted that until the end of February 2024 the Composite Stock Price Index (IHSG) rose 0.60 percent year to date (ytd) to the level of 7,316.11 and posted a net buy of IDR 18.44 trillion (ytd).
The Chief Executive of the Supervision of the capital market, derivative finance and Carbon Exchange of the Financial Services Authority (OJK) Inarno Djajadi, said that until February 29, 2024, the Composite Stock Price Index (IHSG) strengthened 0.60 percent year to date to 7,316 levels.
"Indonesia's stock market until February 29, 2024 is still experiencing strengthening. JCI has strengthened 0.60 percent since the beginning of the year (ytd) to 7,316.11," said Inarno at the February 2024 RDK Press Conference, virtually, Monday, March 4, 2024.
Inarno said that the domestic stock exchange will grow positively in 2024 driven by buying action by foreign investors. This is reflected in the net buy of IDR 18.44 trillion (ytd).
According to Inarno, the ICBI bond market index on February 29, 2024 strengthened 0.98 percent (ytd) to the level of 378.28.
Meanwhile, Asset Under Management (AUM) for investment management until February 29, 2024, was recorded at IDR 824.4 trillion. This figure decreased by 0.04 percent (ytd), with a mutual fund net asset (NAB) value of IDR 495.79 trillion or decreased by 1.13 percent, and recorded a net reduction of IDR 16.72 trillion.
In addition, the enthusiasm for raising funds in the capital market is also still visible, as reflected in the value of the public offering until February 29, 2024, amounting to Rp20.65 trillion with 12 new issuers.
Meanwhile, there are still 84 public offering pipelines with an estimated indicative value of IDR 56.83 trillion, including the IPO plan by the new issuer as many as 56 companies.
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Meanwhile, in the carbon exchange trading, since its launch on September 26, 2023, to February 29, 2024, it was recorded that 50 service users had obtained permits with a total volume of 501,910 tons of equivalent CO2 with an accumulation of the value of carbon exchange transactions reaching Rp31.36 billion, with details of 31.39 percent in the regular market, 9.69 percent in the negotiation market, and 58.92 percent in the auction market.
"In the future, the potential for carbon exchanges is still very large considering that there are 3,453 registrants registered in the National Climate Change Control Registration System (SRNPPI) and the high potential for carbon units to be offered," he said.
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