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JCI grows 1.70% in 2019

03 January 2020 08:34

JAKARTA - Financial Service Authority (OJK) data recorded that in 2019, although the Indonesian economy was affected by a global economy slowdown which resulted in weakening investment and expansion in the real sector, Indonesia's economic growth could still be above 5 percent with a controlled inflation rate and financial service sector stability that was still maintained.

In the capital market, JCI in 2019 still recorded positive growth, namely 1.70%, closed at 6,299.5. Foreign investors' net buy in the stock market experienced a significant increase, from a net sell of Rp 50.7 trillion in 2018 to a net buy of Rp 49.2 trillion in 2019.

The activity of raising funds through a public offering in the capital market in 2019 was also quite good, amounting to Rp 166.8 trillion with 60 new issuers and 3 equity crowdfunding, or increased compared to the 2018 position of Rp 166.1 trillion with 62 new issuers

"This indicates the high level of investor confidence in Indonesia's economic prospects. This high market confidence was also strengthened by the results of a survey conducted by Bloomberg of 57 global investors and traders who placed Indonesia at the highest rank among emerging market countries for investment in stock instruments. and debt securities,” said Chairman of the OJK Board of Commissioners Wimboh Santoso. (LM)

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