JCI March Up 0.15 Percent, OJK Records Foreign Funds Entering Capai IDR 28 Trillion

JCI (Photo: Doc Antara)

JAKARTA - The Financial Services Authority (OJK) noted that as of March 28, 2024, the Composite Stock Price Index (JCI) grew positively by 0.22 percent and the stock market capitalization also rose 0.15 percent driven by the wholesale of shares from foreign investors.

"Domestic stock market as of March 28, 2024 is still experiencing a strengthening trend where the JCI strengthens 0.22 percent year to date (ytd) to 7,288.81," said the Chief Executive of the Capital Market Supervisory, Derivative Finance, and Carbon Exchange and Member of the OJK Board of Commissioners, Inarno Djajadi at the Press Conference, Tuesday, March 2, 2024.

Inarno said that in the first three months of this year, foreign investors entered the domestic stock market, as reflected in the net buy action recorded.

According to Inarno, foreign investors still posted a net-buy of IDR 28.28 trillion year to date. Meanwhile, in terms of transaction liquidity, the average transaction value was also recorded at IDR 10.98 trillion (ytd).

Furthermore, the investment management industry, the value of under management (AUM) assets as of March 27, 2024 was recorded at IDR 818.17 trillion, down 0.80 percent (ytd), while the mutual fund NAB was recorded at IDR 488.73, down 2.54 percent (ytd).

"The total net activity or mutual fund NAB was recorded at IDR 488.73 trillion, down 2.54 percent year to date and net profit of IDR 29.95 trillion in March 2024," he said.