JCI Drops 4.15 Percent, OJK Reveals Foreign Fund Flow Out Of Capai IDR 6.25 Trillion

Executive of Capital Market Supervisory, Financial Derivative and Carbon Exchange OJK Inarno Djajadi. (Photo: YouTube screenshot)

JAKARTA - The Financial Services Authority (OJK) revealed that the Indonesian stock market or the Composite Stock Price Index (JCI) until May 2024 was corrected 4.15 percent year to date (ytd) to the level of 6,970.74.

In addition, month to date (mtd) also decreased by 3.64 percent with a market capitalization value of IDR 11.825 trillion, an increase of 1.29 percent (ytd), and posted a net sell of IDR 6.25 trillion (ytd).

"The weakening occurred, including in the technology and transportation and logistics sectors (ytd). On the liquidity side of transactions, the average daily transaction value of the stock market was recorded at IDR 12.17 trillion (ytd)," said Executive of Capital Market Supervisory, Financial Derivative and Carbon Exchange OJK Inarno Djajadi at a press conference on the results of the OJK Board of Commissioners Meeting in May 2024, Monday, June 10.

Meanwhile, Inarno said in the bond market, the ICBI bond market index rose 1.53 percent ytd to the level of 380.33, with the SBN yield on May 30, an average increase of 22.40 bps ( ytd) and non-residentially recorded net sell of IDR 35.08 trillion.

"For the corporate bond market as of the end of May 2024, non-resident investors also recorded a net sell of IDR 1.57 trillion (ytd)," he explained.

Furthermore, Inarno said, in the investment management industry, the value of Asset Under Management (AUM) was recorded at IDR 822.48 trillion, down 0.27 percent (ytd).

Meanwhile, the mutual fund net activation (NAB) value was recorded at IDR 482.23 trillion, down 3.83 percent (ytd) and recorded a net reduction of IDR 75.94 trillion (ytd) on May 31, 2024.