Indonesian Stock Market Hits IPO Financing, South East Asia Listing Records – Markets

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Vincent Fabian Thomas (The Jakarta Post)

PREMIUM

Jakarta
Fri 31 December 2021

The country’s stock market ended the year with record highs in initial public offerings (IPO) and investor numbers, despite a decline in the Indonesia Stock Exchange (IDX) Composite index on the last trading day of the year on Thursday.

“Investors and markets remain optimistic about the Indonesian economy and capital market prospects. This is reflected in the increased trading activity, IPOs and the number of investors,” IDX President Inarno Djajadi told reporters on Thursday.

This year, the total amount raised through IPOs reached an all-time high of Rp 62.61 trillion ($4.39 billion), compared to the usual between Rp 10 trillion and 20 trillion per year, aided by the e-commerce platform’s jumbo IPO Bukalapak in July.

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Sources

1/ https://Google.com/

2/ http://www.thejakartapost.com/business/2021/12/30/indonesian-stock-market-sets-multiple-yearly-records.html

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