TEMPO.CO, Jakarta-The market capitalization of the Indonesia Stock Exchange dropped Rp17 trillion. The decline is caused by a Jakarta Composite Index's (JCI) downtrend due to this week's long weekend that created a short trading period of just three days.
According to the IDX's records, the JCI on Wednesday, May 4, closed 10.33 points (0.21 percent) higher at 4,822.59.
Compared to last week's closing rate of 4,838.58, the index is down by 0.33 percent.
"This change corrected the IDX's market capitalization to Rp5,119 trillion from last week's Rp5,136 trillion," the IDX wrote in a statement.
This week's daily transaction value also shrunk by 14.85 percent to Rp5.35 trillion from last week's Rp6.29 trillion. The daily transaction volume dropped 14.1 percent and the daily trading frequency rate is down by 17.6 percent.
This week, foreign investors recorded a net sale of Rp1.51 trillion. This year so far, the domestic capital market is still seeing a positive flow of foreign funds with a net sale total of Rp2.89 trillion.