"On Thursday`s trade, IHSG closed at 4,281.86 point, up 12.03 percent from 3,821.99 points in the same period last year," Chairman of Bapepam-LK, Ngalim Sawega, said.
Jakarta (ANTARA News) - The Capital Market and Financial Institution Supervisory Agency has announced that the Indonesian stock market performed positively this year despite the global economic uncertainties.

The Chairman of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK), Ngalim Sawega, said at the year-end press conference in Jakarta on Friday that the stock market's positive performance was reflected in the significant rise of the Composite Stock Price Index (IHSG) of the Indonesian Stock Exchange (BEI).

"On Thursday`s trade, IHSG closed at 4,281.86 point, up 12.03 percent from 3,821.99 points in the same period last year," he pointed out.

"That means our market is still interesting. Besides, the BEI`s index is the eighth highest in the world. However, the Thai stock exchange saw the most rapid growth, with 34 percent," Sawega said.

"The capital shares in BEI also increased by 15.69 percent, from last year]s Rp3,537.29 trillion, to Rp4,092.23 trillion on December 27, 2012," he stated.

"However, net share transactions by foreign investors dropped this year to Rp15.44 trillion, from last year's Rp25.67 trillion," Sawega continued.

"The negative sentiments from the US and Europe stock exchanges this year discouraged foreign investors from entering the Indonesian stock market," he explained.

However, Sawega added, the US dollar remained a safe haven asset for foreign investors amid the global economic uncertainty.

Meanwhile, the President Director of BEI, Ito Warsito, said: "The decline in net share transactions by foreign investors has brought down the daily average of share transaction value by around 9 percent".

Warsito noted that the average value of daily share transaction in 2011 was Rp4.95 trillion, higher than this year's Rp4.55 trillion.

"Although the average daily transaction value has decreased, the condition of Indonesian stock exchange is much better than ASEAN and US stock exchanges, which saw daily transactions drop by 15-20 percent and 20-25 percent, respectively, this year," he added.(*)

Editor: Heru Purwanto
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