"Issuers` continued expansion indicated that domestic economy remained positive," the Indonesia Stock Exchange`s (BEI) Director of Trading and Exchange Members Regulation, Samsul Hidayat, said.Jakarta (ANTARA News) - An Indonesian stock exchange official said he believed the country`s capital market would continue to grow despite Morgan Stanley`s recent investment projection down from equal weight to underweight.
"Every investor has its own investment perspective and so the impact of the projection is predicted not to be significant," the Indonesia Stock Exchange`s (BEI) Director of Trading and Exchange Members Regulation, Samsul Hidayat, said here on Friday.
He said he believed the country`s capital market industry would continue to grow in line with issuers` continued expansion that would be reflected in their share prices.
"Issuers` continued expansion indicated that domestic economy remained positive," he said.
He said companies` interest to conduct initial public offering also remained high.
"Companies need funds to expand and they could get them among others from the capital market," he said.
On a separate occasion the head of research of Trust Securities, Reza Priyambada, said investors had to conduct a further study with regard to Morgan Stanley`s projection.
"They must not just accept projections because by doing so they would create perception that investing in Indonesia is no longer attractive while the fact is it still has bright prospects and the majority of issuers have also recorded positive performance," he said.
He said the Indonesian capital market authorities also continued actively conducting education, roadshows and seminars on capital market at home to increase the number of investors and issuers.
"Our capital market still has steam," he said.(*)
Editor: Heru Purwanto
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