JAKARTA - President Director of the Indonesia Stock Exchange (IDX) Iman Rachman said the policies made by the government and regulators in responding to the COVID-19 pandemic and global economic challenges have been able to maintain sentiment in the domestic capital market.
"Entering the third year of the pandemic and in the midst of global challenges that we face throughout 2022, the policies that have been taken by regulators, both the government and the coordination of OJK, BI, and LPS, have succeeded in maintaining positive market sentiment. This is reflected in the growth of the JCI which until November 22, 2022 closed at the level of 7,030 or grew 6.82 percent since the beginning of last year," said Iman in the CEO of Networking 2022 quoted by Antara, Thursday, November 24.
Market capitalization on the IDX is currently also recorded at Rp6,400 trillion or around US$630 billion. Meanwhile, the average daily transaction value or RNTH on the stock exchange as of November 22, 2022, reached Rp14.9 trillion or around US$1 billion, only lower than Thailand (US$2 billion) for the ASEAN region.
In terms of the number of investors, currently the number of investors in the domestic capital market has penetrated 10 million investors.
"This is something we should be proud of because five years ago only 1.2 million investors. During the pandemic in the last three years, 2 million investors grew per year. But this 10 million is only 1.5 percent of Indonesia's 270 million population. Singapore, Thailand, and others the number of investors compared to the total population is at least 5 percent," said Iman.
Iman said that five years ago 70 percent of total investors were foreign institution investors, currently it is inversely proportional to where domestic and retail investors had reached 70 percent. Of the 10 million domestic investors, 45 percent are retail investors.
"So you can imagine why other exchanges grew negative year to date, but our stock exchange was positive at almost 7 percent," said Iman.
Meanwhile, in terms of the number of issuers, currently the company listed on the IDX reaches 820 companies. In 2022, as many as 54 companies have been listed on the stock exchange from the target of 55 issuers. IDX estimates that by the end of the year it will increase to 58-60 issuers. Until now, 41 companies have been included in the list (pipeline) to enter the stock exchange.
A total of 820 issuers on the IDX were divided into three boards, namely the main board, development board, and acceleration boards. Acceleration boards were made mainly for micro, small and medium enterprises (MSMEs) as many as 23 issuers. Meanwhile, the development board contributed 53 percent or 450 issuers and the main board contributed 43 percent or 350 issuers.
"The plan is that at the end of the year or early next year we will add one more board, namely a new economy board. Because many current tech companies or e-commerce companies are actually eligible by market stamps as companies on the main board, but because of the financial condition that is still losing money, they cannot enter the main board, so we separate them on the new economy board, which is equivalent to the main board," said Iman.
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