ID :
55948
Fri, 04/17/2009 - 11:03
Auther :
Shortlink :
https://www.oananews.org//node/55948
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INVESTORS' CONFIDENCE UP : JAKARTA STOCK EXCHANGE CHIEF
Surabaya, April 16 (ANTARA) - Investors' confidence has increased following the successful implementation of the legislative elections on April 9, Indonesian Stock Exchange (BEI) chief Erry Firmansyah said here on Thursday.
"This was as predicted because every time a general election takes place the capital market trend is bullish," he said.
He said the present political conditions must be maintained until the implementation of the presidential election in July and the end of the year.
"Transactions in the Indonesian capital market keep increasing from day to day. It is predicted the index will increase four percent in the next four days. Even the value of transactions is expected to reach Rp6 trillion," he said.
He said before the general elections transactions in the country's capital market reached averagely around Rp1.5 trillion a day.
"Following the peaceful and smooth elections the number of foreign investors in the capital market surpassed that of domestic investors in the past week," he said.
He said the smooth elections had also strengthened the rupiah currency giving double profit to investors.
"Investors came while the rupiah was worth between Rp11,500 and Rp12,000 against the US dollar. As a result, the value of the rupiah rose causing share prices to rise also," he said.
He said the growth of the Indonesian capital market could also be seen from indicators in the finance minister's first quarter report. During the period, Indonesia's economic growth is predicted to be positive and alluring investors through corporate suspense or direct investment, he said.
"Until today there have been 11 to 14 issuers of bonds worth up to Rp9 trillion in the Indonesian capital market," he said.
All of it, he said, is now being processed while issuers that conducted an initial public offering in the first quarter include Trikomsel, Alfamart, Inoveisi and Evergreen.
He said the positive condition of the capital market in the country was also because of development in the global economic situation.
"The rebound in the US market obvioulsy give a good impact on the Indonesian capital market. With the rebound, followed by the euphoria after the successful elections in Indonesia, I believe the capital market in the country remains good," he said.
"This was as predicted because every time a general election takes place the capital market trend is bullish," he said.
He said the present political conditions must be maintained until the implementation of the presidential election in July and the end of the year.
"Transactions in the Indonesian capital market keep increasing from day to day. It is predicted the index will increase four percent in the next four days. Even the value of transactions is expected to reach Rp6 trillion," he said.
He said before the general elections transactions in the country's capital market reached averagely around Rp1.5 trillion a day.
"Following the peaceful and smooth elections the number of foreign investors in the capital market surpassed that of domestic investors in the past week," he said.
He said the smooth elections had also strengthened the rupiah currency giving double profit to investors.
"Investors came while the rupiah was worth between Rp11,500 and Rp12,000 against the US dollar. As a result, the value of the rupiah rose causing share prices to rise also," he said.
He said the growth of the Indonesian capital market could also be seen from indicators in the finance minister's first quarter report. During the period, Indonesia's economic growth is predicted to be positive and alluring investors through corporate suspense or direct investment, he said.
"Until today there have been 11 to 14 issuers of bonds worth up to Rp9 trillion in the Indonesian capital market," he said.
All of it, he said, is now being processed while issuers that conducted an initial public offering in the first quarter include Trikomsel, Alfamart, Inoveisi and Evergreen.
He said the positive condition of the capital market in the country was also because of development in the global economic situation.
"The rebound in the US market obvioulsy give a good impact on the Indonesian capital market. With the rebound, followed by the euphoria after the successful elections in Indonesia, I believe the capital market in the country remains good," he said.
