OJK Records Capital Market Fund Collection Reaches IDR 135.25 Trillion In August 2024

Chief Executive of the Capital Market Supervisory of the Financial Services Authority (OJK) Inarno Djajadi. (Photo: ANTARA)

JAKARTA - Chief Executive of the Capital Market Supervisory of the Financial Services Authority (OJK) Inarno Djajadi said that the raising of funds in the capital market was IDR 135.25 trillion as of August 2024.

The collection of funds in the capital market is still in a positive trend. It was recorded that the value of the public offering reached Rp135.25 trillion, of which Rp4.39 trillion was a fundraising of 28 new issuers," he said at the RDKB OJK press conference Friday, September 6.

Inarno said capital market capital capitalization was recorded at Rp13,114 trillion, an increase of 6.29 percent month-to-date (mtd) and 12.34 percent year-to-date (ytd). Non-resident Setta recorded a net buy of Rp28.77 trillion (mtd) or Rp27.73 trillion (ytd).

"Mtd, strengthening occurs in almost all sectors with the largest strengthening in the non-cyclicalals and property & real estate consumer sector. On the liquidity side of transactions, the average daily transaction value of the stock market was recorded at Rp. 12.70 trillion ytd," he explained.

This strengthening trend encourages the Composite Stock Price Index (JCI) to score an all time high with a record high of 7,670.73 on August 30, 2024, or strengthen 5.72 percent (mtd) or 5.47 percent (ytd).

In the bond market, the Indonesia Composite Bond Index (ICBI) bond market index rose 1.71 percent mtd, up 4.41 percent ytd to the level of 391.14 with the average state securities yield (SBN) down 22.75 bps and up 3.12 bps (ytd), and non-residently recorded a net buy of IDR 39.24 trillion (mtd) or IDR 10.25 trillion (ytd).

For the corporate bond market, non-resident investors recorded net sales of IDR 200 billion mtd or IDR 2.47 trillion (ytd).

Inarno conveyed that in the investment management industry, the value of the asset under management (AUM) was recorded at IDR 841.37 trillion, an increase of 1.34 percent (mtd) or 2.02 percent (ytd), with a net subscription of IDR 1.42 trillion (mtd) and a net reduction of IDR 11.11 trillion (ytd).

Inarno added that in the context of law enforcement in the capital market sector, OJK has imposed administrative sanctions in the form of revocation of the securities company's business license as investment manager on behalf of PT Indosterling Asset Management and administrative sanctions in the form of fines for cases to 1 securities company, 2 issuers, 1 appraiser and 2 other parties amounting to Rp5.61 billion.