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Indonesia Stock Exchange Celebrates 47th Anniversary

Rama Sukarta
August 12, 2024 | 6:07 pm
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The Indonesia Stock Exchange (IDX) celebrated its 47th anniversary with a ceremony at its main hall on Monday, Aug. 12, 2024. (Beritasatu.com/Rama Sukarta)
The Indonesia Stock Exchange (IDX) celebrated its 47th anniversary with a ceremony at its main hall on Monday, Aug. 12, 2024. (Beritasatu.com/Rama Sukarta)

Jakarta. The Indonesia Stock Exchange (IDX) celebrated its 47th anniversary with a ceremony at its main hall. Mahendra Siregar, Chairman of the Financial Services Authority (OJK), highlighted the critical role of integrating environmental, social, and governance (ESG) principles into Indonesia’s capital markets.

“ESG is a key focus in global financial markets, including Indonesia,” Siregar said on Monday. “It offers long-term value by enhancing reputations, mitigating risks, and creating new opportunities while promoting transparency and sustainability in capital markets.”

Notable achievements include a market capitalization record of Rp 12,477 trillion on July 12 and an all-time high Jakarta Composite Index (JCI) of 7,433.315 on March 14. As of August 9, the average daily trading value was Rp 11.8 trillion, with daily volumes of 17.9 billion shares and 1.1 million transactions. The JCI was at 7,256.996, up 0.22 percent year-to-date, with a market cap of Rp 12,302 trillion.

Investor numbers have grown to 13.45 million, including 5.90 million stock investors. This year, IDX has added 34 new stocks, bringing the total to 936 listed companies, 97 bond issues, and 1 ETF. IPOs have raised Rp 5.15 trillion, with 28 more stock listings planned for 2024. EY Global IPO Trends ranks IDX 7th globally for listings and IPOs among ASEAN countries since 2018.

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Mahendra also underscored Indonesia’s commitment to climate action through its carbon exchange. “We are focused on meeting our emission reduction targets and building a supportive ecosystem for ESG and a sustainable capital market,” he stated.

He concluded by congratulating the IDX on its 47th anniversary, expressing hope that the market’s resilience will continue to support Indonesia’s economic growth.

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