JAKARTA (Yosefardi) – Prabowo Subianto, presidential candidate, have this morning met with stock market players or investors and financial analysts, to unveil his vision and mission as the next president for the country.
Businessman Sandiaga Uno, owner of Saratoga Capital, also joins Prabowo’s campaign team and helped convinced the market players about Prabowo’s leadership capacity to be the next president.
Burhanuddin Abdullah, former governor of Bank Indonesia also joins with Prabowo.
Stephanus Turangan, president director of PT Trimegah Securities Tbk, delivered his speech at the opening of the meeting.
The stock market community had before met other presidential candidate, Joko ‘Jokowi’Widodo, to get the picture of economic program.
Stephanus said Indonesia’s stock market is currently growing behind neighbor countries with market capitalization reaching Rp4,500 trillion, or 40-45% of the gross domestic product (GDP). While market capitalization of Malaysia and Thailand have reached 100% of GDP.
For Indonesia, mid-to-small corporates only represent 1% of total market capitalization.
The market is also noisy this morning as an investor named as ‘Tanoesoedibjo Prabowo-Hatta’ have reportedly made the transaction on shares of MNC Group with total value of Rp.869.8 billion.
Arya Sinulingga, spokesperson of MNC Group, denied the report published by an online news portal.
MNC Group is controlled by Hary Tanoesoedibjo, who is a big supporter of Prabowo-Hatta in the presidential election.
Hary has actively purchased the shares of MNG Group at such a substantial discount in the past few weeks. Is this a scheme to clean up illicit funds collected for the campaigns? an analyst commented.
Fadli Zon, member of campaign team for Prabowo, also revealed that Prabowo has not ever invested in stock market.
At 2.48 pm Jakarta time, composite index of the Indonesia Stock Exchange (IDX) fell 0.13% to 4858, reversing morning gain.
Bumi Resources dropped 6.06%, Adaro Energy declined 2.03%, Timah shed 3.02%, Perusahaan Gas Negara slipped 1.82%, and Pakuwon Jati lost 3.13%. While Bank Rakyat Indonesia gained 1.24%, Alam Sutera rose 1.37%, Kalbe Farma increased 1.25%, and Telkom up 1.04%.