Indonesian capital market's performance best in ASEAN in 2022
Indonesia's capital market performance in 2022 was the best as compared to that of other ASEAN and Asian countries in general, Chairperson of Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar stated.
Chairperson of Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar (Photo: Antara)
Jakarta (VNA) - Indonesia's capitalmarket performance in 2022 was the best as compared to that of other ASEANand Asian countries in general, Chairperson of Board of Commissioners of theFinancial Services Authority (OJK) Mahendra Siregar stated.
The Indonesian capital market had survived in 2022and its performance tended to be very positive and even the best among theASEAN and Asian countries in general, he remarked at the inauguration of the2023 Indonesia Stock Exchange Trading.
Siregar noted that the positive achievement wasapparent from the performance of the Indonesia Composite Stock Exchange (IHSG)in 2022 that closed at 4% higher than the index reached at the closingtime of the trading in 2021.
In addition, the trading activity in 2022 alsoexperienced a significant increase, as the frequency of daily transactionsreached 1.31 million times, making it the largest in ASEAN.
Furthermore, market capitalisation in Indonesia isalso the highest, reaching 600 billion USD – equivalent to 50% of the country’sgross domestic product (GDP).
The OJK official also noted that 59 companies hadissued their initial shares (IPO) on the stock exchange in 2022.
The number of capital market investors alsoincreased to 10.3 million investors, thereby translating to a 10-fold or a 1,000% increase since 2017, and was dominated by domestic investors,reaching 55 percent of the total investors.
About 58.7% of them were members of themillennial generation and Generation Z. These are extraordinary achievements, Siregarsaid.
He emphasised that the achievements were verypositive, especially when the closing of trading on December 30, in othercountries, such as the European states, were unfavorable, according to thereport of one of the international financial media.
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Chairperson of Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar (Photo: Antara) 
