Strengthening 1.05 Percent, JCI October Tembus 7,606.6

JCI (Photo: dock. Antara)

JAKARTA - The Financial Services Authority (OJK) revealed that during October 2024, the Composite Stock Price Index (JCI) strengthened by around 1.05 percent mtd to a level of 7,606.6 or year to date (YTD) higher by 4.59 percent.

OJK Board of Commissioners Friderica Widyasari Dewi said the market capitalization value was recorded at IDR 12.719 trillion, an increase of 1.33 percent month to date (mtd), an increase of 9.02 percent ytd.

"The domestic stock market as of October 29, 2024, has strengthened by around 1.05 percent mtd to the level of 7,606.6," he said in an online press conference in Jakarta, Friday, October 1.

He continued, non-resident net sales were recorded at Rp9.5 trillion mtd but on a YTD basis, net buy was recorded at Rp40.14 trillion.

"In the bond market, the ICBI bond market index fell 1.1 percent mtd, up 4.62 percent ytd to leve 391.9 and non-corporative non-resident investors recorded net sales of Rp0.1 trillion mtd or ytd of net sale of Rp2.66 trillion," explained Kiki, Frederica's nickname.

Furthermore, in the investment processing industry, the value of asset under management (AUM) was recorded at IDR 855.89 trillion, an increase of 1.52 percent mtd, an increase of 3.78 percent ytd on October 29, 2024, with net subscription mutual funds of IDR 7.54 trillion mtd.

"Meanwhile, Ytd is still net-redemption of IDR 5.26 trillion," said Kiki.

Meanwhile, continued Kiki, raising funds in the capital market is still in a positive trend. It was recorded that the value of the public offering reached Rp159.19 trillion, of which Rp4.66 trillion included the risking fund from 30 new issuers.

"For fundraising at the securities crowd funding since the implementation of the provisions until October 25 this year, 17 organizers have obtained permission from the OJK with 650 securities publishers, 166,515 investors and a total of Curity Crowd funding funds collected and administered at KSEI amounting to Rp1.26 trillion," said Kiki.