JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed at 4316 on Monday (Dec 30), the last trading day for this year, inched down 0.98% from 4316 at the last trading day last year.
The index reached its peak, recorded its highest, at 5214 on May 20, 2013. On May 7, 2013, The Dow Jones Industrial average and S&P 500 also set record highs, after Dow Jones surpassed its 2007 pre-financial crisis levels for the first time in March 5, 2013. While Japan’s Nikkei 225 reached its highest level in five years at April 5, 2013.
Overall, the stock market in Indonesia is affected by the trade deficit issue, an executive of the IDX told in a press briefing on Monday (Dec 30). In the global front, the tapering-off issue mulled by the Fed in mid of July, 2013, also gave a big pressure on stock market.
The rupiah also dropped to Rp11,000 against the US Dollar on mid August, 2013 and weakened further to Rp12,000 by early this month.
For next year, IDX expects the market would be bullish alongwith the political agenda, the election of legislative members and president. However, World Bank predicts the global economy will grow by 5.3% next year, slower than 5.6% growth this year. The Fed had announced the tapering-off will be effective on January 14, 2014 with only US$10 billion cut on the stimulus.
IDX also reported number of investors increased 13.54% to 408,011 accounts this year. 28 new companies were listed at IDX this year with the value of initial public offering (IPO) reached Rp16.6 trillion.
The shares offering on the pipeline (on process) also values for Rp5.77 trillion, consisting of 3 IPOs, rights issues proposed by 3 listed companies, and bonds issue proposed by 4 companies, and the offering by one shareholder.
The market capitalization of IDX reached Rp4,163.08 trillion, compared to Rp4,126.99 trillion in end of last year.