Capital Market Funds Collected Rp159.19 Trillion, OJK: Trends Still Positive

Indonesian capital market (Photo: dock. Antara)

JAKARTA - The Financial Services Authority (OJK) noted that Indonesia's capital market funds were collected as much as IDR 159.19 trillion as of October 2024.

"The raising of funds in the capital market is still in a positive trend, recorded a public offering value of Rp. 159.19 trillion, of which Rp. 4.66 trillion is a fundraising of 30 new issuers," said Chief Executive of the Behavior Supervisory of Financial Services Business Actors, Education and Consumer Protection of the Financial Services Authority (OJK) Friderica Widyasari Dewi quoting Antara.

Friderica said the capital market capitalization value was recorded at IDR 12,719 trillion, an increase of 1.33 percent month-to-date (mtd) and 9.02 percent year-to-date (ytd).

The domestic stock market as of October 29, 2024, rose by 1.05 percent mtd to the level of 7,606.6 or ytd, an increase of 4.59 percent. Meanwhile, non-resident investors recorded a net sell of Rp9.5 trillion mtd, but still recorded a net buy of Rp40.14 trillion ytd.

In the bond market, the Indonesia Composite Bond Index (ICBI) bond market index weakened 1.1 percent mtd, up 4.62 percent ytd to the level of 391.9. Non-resident corporate bond investors recorded a net sell of IDR 0.1 trillion mtd or IDR 2.66 trillion ytd.

In the investment management industry, the value of Asset Under Management (AUM) was recorded at IDR 855.89 trillion, up 1.52 percent mtd or 3.78 percent ytd on October 29, 2024 with mutual funds recorded net subscription of IDR 7.54 trillion mtd and net index of IDR 5.26 trillion ytd.

For fundraising at Securities Crowdfunding (SCF), since the implementation of SCF provisions until October 25, 2024, there have been 17 organizers who have obtained permission from the OJK with 650 securities issuers, 166,515 investors and the total SCF funds raised and administed at KSEI amounting to Rp1.26 trillion.

Friderica further said that on the carbon exchange, since its launch on September 26, 2023, to October 29, 2024, 90 service users have received permits with a total volume of 614,454 tons of CO2 equivalent with an accumulated value of Rp37.09 billion.

In the context of enforcing consumer provisions and protection in the capital market sector, from September 25, 2024 to October 2024, the OJK has, among other things, imposed administrative sanctions in the form of fines with a total fine of Rp. 2.7 billion to two parties and two investment managers.

Meanwhile, in order to strengthen the framework for regulating and developing the capital market industry, the OJK is also preparing several provisions including the RPOJK for the development and strengthening of transactions and securities institutions, the RPOJK for developing and strengthening issuers and public companies, as well as several regulations in the field of investment management.