News

Jakarta, 30 December 2024. Amid global geopolitical uncertainties and the domestic political year momentum, Indonesia's capital market demonstrated remarkable resilience in 2024. Positive trends were observed across various indicators, including market stability, trading activity levels, fundraising volumes, and a significant increase in retail investors.

This was conveyed by OJK Chief Executive of Capital Market, Derivatives, and Carbon Exchange Supervision, Inarno Djajadi, during the Indonesia Stock Exchange (IDX) Closing Ceremony for 2024 in Jakarta on Monday.

"Due to the hard work, synergy, and strong collaboration of all stakeholders in the Indonesian capital market industry, we have successfully faced various challenges with optimism. In fact, we have not only endured but have also continued to record various positive achievements throughout 2024, which serves as tangible evidence of our collective commitment to supporting the growth and stability of the capital market in our country," said Inarno.

The event was attended by OJK Board of Commissioners, including OJK Chief Executive of Banking Supervision, Dian Ediana Rae, OJK Chief Executive of Insurance, Guarantee, and Pension Fund Supervision, Ogi Prastomiyono, and OJK Chief Executive of Market Conduct Supervision, Friderica Widyasari Dewi, alongside executives and commissioners from Self-Regulatory Organizations (SROs) and industry representatives.

The ceremony commenced with a press conference featuring Deputy Commissioner of Investment Management and Securities Institutions Supervision, I. B. Aditya Jayaantara, IDX President Director Iman Rachman, PT Kliring Penjaminan Efek Indonesia President Director Iding Pardi, and PT Kustodian Sentral Efek Indonesia President Director Samsul Hidayat.

Market Performance Highlights:

• As of 27 December 2024, the JCI closed at 7,036.57, with a year-to-date (ytd) market capitalization growth of 5.05%, reaching IDR12,191 trillion.
• The ICBI increased by 4.74% ytd, closing at 392.36.
• As of 24 December 2024, mutual fund assets under management (AUM) reached IDR840.07 trillion, up 1.37% ytd.
• The Indonesia Sharia Stock Index (ISSI) closed at 213.86 on 27 December 2024, with a market capitalization of IDR6,759.54 trillion, growing by 9.98%.

Fundraising activities in the capital market recorded 187 public offerings, including 35 new issuers, raising a total of IDR251.04 trillion, exceeding the IDR200 trillion target.

In the carbon trading sector, since its launch on 26 September 2023, to 27 December 2024, transactions reached 908,018 tons of CO2 equivalent, with a total transaction value of IDR50.64 billion.

Investor growth was equally impressive. By 24 December 2024, the number of Single Investor Identifications (SIDs) increased by 2.6 million to a total of 14.81 million. Remarkably, 79% of individual SIDs were from investors under 40, highlighting the significant potential of younger generations in driving the capital market's future growth.

OJK Strategic Policies in 2024
Throughout 2024, OJK issued key regulations to strengthen the capital market ecosystem, enhance transparency, and deepen market liquidity, including:

1. OJK Regulation (POJK) 4/2024 concerning Reporting of Share Ownership and Stock Lending Activities by Public Companies.
2. POJK 6/2024 concerning Margin and Short Selling Financing by Securities Companies.
3. POJK 10/2024 concerning Regional Bonds and Sukuk Issuance and Reporting.
4. POJK 18/2024 concerning Liquidity Providers.

In line with the UU P2SK mandate, OJK finalized three additional regulations currently under review by the Ministry of Law:

1. POJK 32/2024 concerning Strengthening Transactions and Securities Institutions.
2. POJK33/2024 concerning Investment Management in the Capital Market.
3. POJK 45/2024 concerning Public Issuers and Listed Companies.

OJK also prioritized market development programs to increase the number and quality of listed companies, develop new products, infrastructure, and services, and strengthen market participants such as securities firms and investment managers.

Key Product Launches:
The IDX introduced new derivative products, including Single Stock Futures (SSF) and Foreign Index Futures (KBIA), based on MSCI Hong Kong Listed Large Cap. These innovations aim to diversify investment options and further enhance market growth.

Inarno reaffirmed OJK's commitment to supporting government programs, including Asta Cita, which focuses on strengthening key economic sectors, boosting competitiveness, and driving sustainable development. These efforts ensure Indonesia's capital market continues to grow inclusively and sustainably.