The step is expected to make IDX a driver of the nation’s economic recovery.
Jakarta (ANTARA) - The Financial Services Authority (OJK) believes the capital market will rise to reach pre-pandemic levels by 2021-end on the back of increase in the number of corporations and investors entering the stock market.

Head of the OJK Commissioners Board, Wimboh Santoso, remarked that the total funds collected from the initial public offerings of 27 listed companies by August 3, 2021, had reached Rp117.94 trillion or increased 99.36 percent from the corresponding period last year.

"The achievement almost outdoes the 2020 revenue of Rp118.7 trillion," Santoso noted at the 44th anniversary of the Indonesian capital market reactivation here on Tuesday.

Furthermore, Santoso noted that 83 public offerings, worth Rp52.56 trillion, were still in the pipeline.

The OJK will also continue to increase its supply base by accommodating potential issuers from start-up enterprises, according to Santoso.

"The step is expected to make IDX a driver of the nation’s economic recovery," the head of OJK commissioners board affirmed.

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Santoso also praised all parties that actively supported the growth of the capital market amid the pandemic.

As of July 2021, the number of investors had increased to 5.82 million, or a 93-percent growth year-on-year, which was dominated by millennial retail investors, he noted.

The growth had doubled since the start of the pandemic that reflected the high investor optimism about the IDX, he pointed out.

"The achievement springs from our collective attempts to maintain the stability of the IDX. The increase is also the result of digital transformation that is crucial for strengthening the investor base in IDX," Santoso emphasized.

Moreover, he noted that the capital market industry will continue to be stable in 2021. On August 9, 2021, the IDX Composite Index rose to 6,127.46 points, or grew 2.48 percent year-to-date.

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Translator: Citro Atmoko, Uyu Liman
Editor: Suharto
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