Eddy Sugito, director of the Indonesian Stock Exchange (IDX)`s corporate valuation division, said with the expected increase in companies making IPOs, the stock exchange`s emission value would obviously also rise.
"The prospects of the domestic stock market are still positive, and companies are expected to release their shares through IPOs so the value of securities to be issued in the second half of 2011 is expected to exceed the figure in the year`s first half," he said.
According to Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) records, a total of 13 companies went public with a combined emission value of Rp11, 219 trillion in the first half of 2011.
Eddy also said several companies had plans to enter the stock market with quite a large value.
He said among the companies planning to enter the Stock Exchange market in the second half of 2011 were PT Visi Media Asia, PT Golden Energy Mines, PT Atlas Energy Resources, and PT Ark Commerce International.
"Certainly, the second half of this year will be more interesting due to its size, it can be bigger than the first semester`s average," he said.
The Indonesian stock market`s positive prospects were reflected in the Composite Stock Price Index (CSPI) that was continuing to record highest points that were considered reasonable and not a bubble.
Index fair strengthening was triggered by domestic economy growth which was also expected to increase, he said.
European and the US uncertain economic turmoil also triggered investors to enter countries with good fundamentals such as Indonesia.
"The positive prospects of the Indonesian economy will attract more foreign investors," he said.
(Uu.A050/HAJM/O001)
Editor: Priyambodo RH
Copyright © ANTARA 2011
