REPUBLIKA.CO.ID, JAKARTA - Indonesian Central Securities Depository (KSEI) recorded that foreign ownership still dominant in Indonesian capital market. Until July 2013, they controlled 57 percent of total assets of listed shares in Central Depository and Book Entry Settlement System (C-BEST).

"This ratio is still high even drops from 59 percent on July 2012," Director of KSEI, Heri Sunaryadi said in Jakarta recently.

Value of foreign domination increased 17.67 percent to level 1.61 trillion IDR in the end of July 2013. Asset shares owned by local investor also increased 28.66 percent, to 1.22 trillion IDR in July 2013 from 955.56 billion IDR in the previous year.

President Director of Indonesian Stock Exchange (IDX), Ito Warsito admitted that foreign ownership in stock market was over 50 percent. Yet, the percentage tends to decline.

"In 2008, its portion reached 70 percent," Warsito said.

Unlike stocks, corporate bonds and asset holdings of sukuk are more dominated by local investors. The number increased 93 percent. Its value also grew 23.28 percent at a level of 198.57 trillion IDR. Foreign ownership in corporate bonds and sukuk was only 15.63 trillion IDR until July 2013 or increased 67.52 percent compared to the previous year.

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