Indonesia's Financial Market 'Stable', OJK Says
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26 August 2021 19:00 WIB
TEMPO.CO, Jakarta - The Financial Services Authority or OJK said that the domestic financial market was stable. At the end of last week, August 20, capital inflow from non-residents was recorded at IDR 2.4 trillion, while the Jakarta Composite Index (JCI) stood at 6,031 or down by just 0.6 percent since the start of the month.
"The domestic financial market is stable," OJK chief Wimboh Santoso said in a written statement, Thursday, August 26.
Wimboh also said that the state securities (SBN) market was relatively stable, recording an average yield hike of 0.3 bps for all tenors. However, foreign investors' net buy was recorded at Rp10.35 trillion.
From the beginning of the year until August 24, the capital market has pulled in a total of IDR 136.9 trillion. The figure reflects a 199-percent (yoy) increase. Meanwhile, the IDX listed 28 new issuers, and 92 more are in the process of holding IPOs with a total issuance value of some Rp50.6 trillion.
The OJK also noted positive economic growth in Q2/2021, supported by high government spending and the recovery of household consumption levels.
MUHAMMAD HENDARTYO
