OJK: JCI's condition is better than other indexes in ASEAN
JAKARTA. Despite suffering from massive decline partly due to the COVID-19 pandemic, the decline in the Jakarta Composite Index (IHSG) is not as bad when compared to several indexes in the ASEAN region.
Chief Executive of the Capital Market Supervision at the Financial Services Authority (OJK) Hoesen said that the STI index (Singapore) had declined 21.06% YTD as of Monday (19/10/2020). Meanwhile, the PSEI index (Philippines) also corrected by 22.98% YTD, followed by Thailand (23.41%). Meanwhile, the JCI only declined by 18.62%, said Hoesen at the Capital Market Summit & Expo 2020 seminar on Tuesday (20/10).
Hoesen said that the JCI's lowest point was recorded in March 2020 (3,937). Since then, it gradually improved to its current position of 5,126 as of Monday (19/10).
He also revealed that 45 companies had obtained an effective statement for an initial public offering (IPO) in 2020, with total emissions reaching Rp7.1 trillion. (AM/AR)