Three Years Jokowi-JK, IDX Composite Approach to Level 6,000
Three Years Jokowi-JK, IDX Composite Approach to Level 6,000
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JAKARTA - The movement of IDX Composite (IHSG) continued to rise as the government of President Joko Widodo (Jokowi) and Vice President Jusuf Kalla (JK) are now three years old. Currently, IDX Composite is approaching the level of 6,000.
IDX Composite re-set a new record in trading three days ago. IDX Composite opened successfully broke all-time highs by strengthening 8.56 points equivalent to 0.14 percent to 5,958.26.
Meanwhile, when IDX Composite first touched the level of 5,900, last July, President Jokowi claimed it happened because the prospects of investment in Indonesia is good.
President Jokowi explained that capital inflows into Indonesia also increased rapidly. In fact, it is almost the same as last year's achievement.
Rapid funds into Indonesia, according to Jokowi, means there is a sense of trust from investors to invest their funds in the country. So it should be able to develop the stock market even more.
Seeing this development, Senior Analyst of Binaartha Sekuritas, Reza Priyambada said, the bright performance of JCI is the impact of the government's focus in maintaining economic growth and stability. On the other hand, the capital market is a reflection of the existing sentiment.
"Indeed, the capital market does not seem to be the main focus of the government, but it does not mean that the majority of issuers in BEI have nothing to do with the government program," he told SINDOnews in Jakarta on Thursday (19/10).
President Jokowi's interest in the capital market was shown by several times he visited the Indonesia Stock Exchange (BEI). In 2015, for example, Jokowi to BEI after giving direction to employees of PT Perusahaan Listrik Negara (PLN).
His visit at that time aims to determine the development of investment in the Indonesian capital market. And it is also done before becoming a leader in this country. Last time, April this year, Jokowi also had visited BEI.
In his visit, Jokowi said that the public, especially the capital market players should be optimistic about the Indonesian economy in the future.
"The president came to the BEI in addition to seeing the development of the stock exchange also wanted to see how the influence of sentiment, news and performance of companies whose shares are listed on the stock exchange affect the perception of the market reflected in the ups and downs of stocks," said Reza.
IDX Composite re-set a new record in trading three days ago. IDX Composite opened successfully broke all-time highs by strengthening 8.56 points equivalent to 0.14 percent to 5,958.26.
Meanwhile, when IDX Composite first touched the level of 5,900, last July, President Jokowi claimed it happened because the prospects of investment in Indonesia is good.
President Jokowi explained that capital inflows into Indonesia also increased rapidly. In fact, it is almost the same as last year's achievement.
Rapid funds into Indonesia, according to Jokowi, means there is a sense of trust from investors to invest their funds in the country. So it should be able to develop the stock market even more.
Seeing this development, Senior Analyst of Binaartha Sekuritas, Reza Priyambada said, the bright performance of JCI is the impact of the government's focus in maintaining economic growth and stability. On the other hand, the capital market is a reflection of the existing sentiment.
"Indeed, the capital market does not seem to be the main focus of the government, but it does not mean that the majority of issuers in BEI have nothing to do with the government program," he told SINDOnews in Jakarta on Thursday (19/10).
President Jokowi's interest in the capital market was shown by several times he visited the Indonesia Stock Exchange (BEI). In 2015, for example, Jokowi to BEI after giving direction to employees of PT Perusahaan Listrik Negara (PLN).
His visit at that time aims to determine the development of investment in the Indonesian capital market. And it is also done before becoming a leader in this country. Last time, April this year, Jokowi also had visited BEI.
In his visit, Jokowi said that the public, especially the capital market players should be optimistic about the Indonesian economy in the future.
"The president came to the BEI in addition to seeing the development of the stock exchange also wanted to see how the influence of sentiment, news and performance of companies whose shares are listed on the stock exchange affect the perception of the market reflected in the ups and downs of stocks," said Reza.
(rnz)
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