TEMPO.CO, Jakarta - PT Bursa Efek Indonesia (IDX) director of companies appraisal Samsul Hidayat said that investors' confidence in the capital market has improved. The confidence is evident after the Jakarta Composite Index (JCI) closed at its highest level on Wednesday, March 29, 2017.
According to Samsul, investors' confidence in the capital market started to improve particularly after issuers published their 2016 financial statements. "The majority of issuers showed good performance," Samsul said at the JCI building in Jakarta on Thursday, March 30, 2017.
From the beginning of 2017, the Indonesian Stock Exchange has seen an average of Rp 7.5 trillion worth of transactions per day, an increase compared to last year. Samsul said that last year's average figure was Rp 6.4 trillion. Considering Indonesia's current economic conditions, Samsul expected the figure to hover around Rp 7 trillion to Rp 8 trillion.
The JCI also managed to some break a number of records in March 2017. The first record was broken on March 17, 2017, when the JCI closed at a level of 5,540.43. The previous record was made on April 7, 2015, at 5,523.29.
The JCI broke another record on March 23, closing at 5,563, and again on March 29, 2017, by closing at a level of 5,586.61.
However, during the opening of today's trade, March 30, 2017, the JCI was opened in the red zone. The JCI slipped by 11.39 points (0.20 percent) to a level of 5,581.12. At the end of the first session, the JCI was closed 27.53 points lower (0.49 percent) at a level of 5,564.98.
Samsul that capital market fluctuations are commonplace. "A sustained gain without any fluctuation would not be good either," Samsul said.
VINDRY FLORENTIN