JAKARTA (TheInsiderStories) – In the opening of Indonesia Stock Exchange (IDX) first trading in 2020, Indonesian President Joko Widodo urged the market society to keep the investor trust. In his speech today (01/02), he showed that the performance of the local bourse its the highest in ASEAN and the seventh highest in the world.
The head of state revealed, 55 new companies recorded has list their shares in the stock market. Long-term fundraising through the IDX also reached Rp877 trillion (US$62.64 billion).
“I advise and support that the stock exchange authorities, OJK (Financial Service Agency) and IDX immediately clear the stock exchange from improper stock trading practices. Don’t lose to the bad ones. Be Careful. Must be clean, have integrity, be brave,” urged by Widodo.
He also hoped, in 2020 will become a momentum for both agency to launch a year of capital market clean from manipulators.
This year, IDX sees 70 companies has potential to offer their stock in this year, said the management today (12/04). Until today, there are 50 companies has listed at the stock market.
“To date there are 33 firms in our pipelines. They using third quarter financial report or will be effective next year,” said the director I Nyoman Gede Yetna last year.
In term of type of industry, the companies are derived from various industries which dominated from property, real estate and construction sector around nine companies. Then, trade, service and investment sector about eight companies. and others from consumer goods industry, agriculture, mining industry sectors.
To support the target, he continued, IDX will do various effort like approached the company’ owner, explore various new policy and create new board. In the near time, said the director, the bourse will also launch acceleration board for startup companies to attract more companies enter the stock market.
Beside, Yetna conveyed, IDX will using the government support, such as tax incentives, new capital market law, and other policies to bring more companies utilizing the capital market to raise fresh funds.
Earlier, FSA hope the direct investment go to Indonesian financial market could reached Rp190 trillion in this year. According the chairman Wimboh, his office will continue to work hard to attract more companies go public, issue bond and other instrument to boost the direct investment enter the market.
The ways that FSA, government and Bank Indonesia (BI) will do are create conducive market, rise the ease of doing business, produce friendly policies and incentives. Then, the government will also facilitate the licensing of companies going to initial public offering (IPO) and also facilitate companies to get projects so the financing needs of the capital market also increase.
He stated, “The government is also multiplying supporting instruments to increase the number of companies that will issue shares or bonds.”
For xext year, said DJajadi, the local bourse expect 76 emissions come from new shares, bonds, mutual funds, and other emissions. According to president director Inarno Djajadi hoped five of the 76 new emissions will come from state-own enterprises companies.
He revealed, in 2020, IDX will conduct an alternative market operator, new product, and new stock exchange service. As an initial step, the self regulatory office, will develop new ETP platform for bond trading. Then, derivative products, including structured warrants, index futures, single stock future and optimization of ETF trading.
The development of new services is carried out through the development of an electronic public offering system (e-IPO), the development of Securities Lending and Borrowing, the development of new industry classifications, enhancing trading system technology and increasing efficiency of developing trading systems.
Beside, Djajadi said, the bourse also continues to support the strengthening of the investor. To support the number of new investor at the bourse, IDX developed SLX services with the Indonesian Clearing and Guarantee Corporation, developed securities funding for investors through Indonesian Securities Funding, and expanded members’ business expansion through regional securities companies.
Djajadi added, the daily transaction at 2020 is expecting worth of Rp9.25 trillion (US$660.71 million) from currently averaged Rp9.21 trillion a day.
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