OJK: The stock market strengthened with foreign funds entering IDR 12.29 trillion

On a year to date (ytd) basis, the JCI was recorded to have strengthened by 0.95 percent with non-residents posting a net buy of IDR 18.91 trillion, where in March 2023 a net buy of IDR 6.62 trillion ytd

Jakarta (Armfalcon.com) – The Financial Services Authority (OJK) reported that the stock market in April 2023 strengthened 1.62 percent (month to date/mtd) to a level of 6,915.72, with foreign funds entering Rp. 12.29 trillion (mtd) compared to March 2023 IDR 4.12 trillion (mtd).

“On a year to date (ytd) basis, the JCI was recorded to have strengthened by 0.95 percent with non-residents posting a net buy of IDR 18.91 trillion, of which in March 2023 the net buy was IDR 6.62 trillion ytd,” OJK Chief Executive Inarno Djajadi said in a statement. virtual monthly press conference in Jakarta, Friday.

On the bond market, the Indonesia Composite Bond Index (ICBI) strengthened 1.02 percent (mtd) and 3.49 percent (ytd) to a level of 356.80 in April 2023, where in March 2023 it strengthened 0.96 percent (mtd) and 2. .44 percent (ytd).

For the corporate bond market, outflows of foreign investors (non-residents) were recorded at IDR 173.3 billion mtd or IDR 388.3 billion ytd.

On the Government Securities (SBN) market, inflows of foreign investors were recorded at IDR 4.16 trillion (mtd) compared to March 2023 of IDR 14.21 trillion (mtd), thereby driving down the yield on SBN by an average of 7.8 basis points (bps) (mtd) for all tenors.

Year to date, SBN yields fell by an average of 22.8 bps across all tenors, with foreign investors recording a net buy of IDR 60.5 trillion.

In the mutual fund industry, net asset value (NAV) of mutual funds was recorded at IDR 497 trillion, down 0.76 percent (mtd), with mutual fund investors posting a net redemption of IDR 4.49 trillion (mtd). On a year-to-date basis, the NAV of mutual funds decreased by 1.56 percent and net redemption was still recorded at IDR 9.3 trillion.

Fundraising on the capital market in April 2023 was still maintained at a high level of IDR 84 trillion, with 33 new issuers recorded. As for the pipeline, there are still 115 Public Offering plans with a value of IDR 135.31 trillion with IPO plans by 63 new issuers.

As for fundraising for Securities Crowdfunding (SCF), which is an alternative funding for micro, small and medium enterprises (MSMEs), until 28 April 2023 there were 16 organizers that had obtained permits from the OJK with 383 issuers, 147,142 investors, and a total of funds raised collected IDR 828.58 billion.

Also read: OJK issues new rules to strengthen mutual fund management
Also read: OJK issues rules to improve the financial health of insurance companies
Also read: OJK: Digital products support the ASEAN Summit to advance payment connectivity

source: www.antaranews.com

Source link