REPUBLIKA.CO.ID, JAKARTA -- The Financial Services Authority (OJK) announced that the performance of the Indonesian Composite Index (IHSG) in the Indonesia Stock Exchange (BEI) has gained third place in the Asia-Pacific region.
"IHSG is in the third place after the Thailand and India Stock Exchange," OJK commissioner for capital market supervision Nurhaida said here on Thursday.
She explained that the capital market can be observed from the IHSG in the BEI. In 2014, the BEI index had gained 19.43 percent from the level of 4327.26 points in January 2, 2014, to 5168.26 points in August 13, 2014.
Moreover, she pointed out that the Indonesian capital market performance can also be viewed from the capitalization value of exchange. Capitalization of the BEI during the period increased by 24.80 percent to $410.38 billion from $328.84 billion in January 2, 2014.
She noted that to view the performance of the Indonesian capital market, the data of net asset value (NAB) of mutual funds offering both public and private equities also became the focus of the regulator.
She argued that the NAB of mutual funds that make public offerings increased by 10.20 percent from Rp192.54 trillion to Rp212.18 trillion. While NAB limited mutual funds increased 0.07 percent from Rp26.58 trillion to Rp26.60 trillion.
Meanwhile, in public offerings, Nurhaida stated that the OJK had issued 40 letters under registration statement on public offerings, with a total value of Rp47.83 trillion from January to August 13, 2014.
He explained that around 13 statements were effective for public company, which announced initial public offering, with a total value of emission Rp4.14 trillion. A total of 13 statements were effective for rights issue worth Rp26.29 trillion.
Then, seven statements were effective for public offering of obligation and Islamic debt papers (sukuk), with a total value of Rp8.65 trillion, and seven statements were effective for moral obligation and Islamic debt papers worth Rp8.75 trillion.
"It is important for the OJK to observe the data, as it will be seen what parts should be done," Nurhaida said.
At the same occasion, President Director of BEI Ito Warsito said that statistically the Indonesian capital market has been increasing this year.
"With the more stable movement of the BEI index, the accessibility of the stock price of listed companies is expected to increase the interest of the public investing their funds in the BEI. So, that portion of domestic ownership in Indonesia capital market also has continued to grow," she added.