Jakarta. The Composite Stock Price Index (IHSG) at the Indonesia Stock Exchange (IDX) concluded the week spanning Jan. 8 to Jan. 12, 2024, registering a 1.49% correction, settling at 7,241.138 from 7,350.619 in the previous week's closing.

During the week, the market capitalization IDX witnessed a decline of 3.63%, dropping from Rp 11,780.02 trillion ($757.2 billion) to Rp 11,352.54 trillion.

On Friday, foreign investors recorded a net buy value of Rp 1.12 trillion, bringing the year-to-date net buy to Rp 6.07 trillion.

The daily average stock transaction value saw a notable increase of 17.20%, reaching Rp 9.78 trillion compared to the previous week's Rp 8.34 trillion.

Similarly, the average daily frequency of stock transactions increased by 5.23%, totaling 1,214,622, up from 1,154,208 transactions in the previous week.

The average daily volume of stock transactions also grew, rising by 3.26% over the week to 16.81 billion shares from 16.28 billion shares.

Throughout the week, six new companies were listed on the Indonesia Stock Exchange (IDX): Citra Nusantara Gemilang (CGAS), Adhi Kartiko Pratama (NICE), Multi Spunindo Jaya (MSJA), Sinergi Multi Lestarindo (SMLE), Samcro Hyosung Adilestari (ACRO), and Manggung Polahraya (MANG).

In the bond and sukuk (Islamic bonds) market, there were three issuances from two issuers amounting to Rp 3.56 trillion. The Indonesia Stock Exchange (IDX) recorded a total of 544 bond and sukuk issuances from 127 issuers, with an overall outstanding value of Rp 459.35 trillion and Rp 32,362 million. Government bonds(SBN) listed on the IDX comprised 186 series, amounting to Rp 5,726.74 trillion and $502.10 million. Additionally, there were 10 issuances of Asset-Backed Securities (EBA) totaling Rp 3.25 trillion.

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