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Jakarta Composite Index 5, GDP Growth Q 5. Inflation June 3. This column is the first in a series of columns about investing in Indonesia, in particular about investing in its capital markets. These columns are written by David Sutyanto, research analyst at First Asia Capital , and - as this column is the starting point - he will provide a short and broad outline of the Indonesian capital markets for now.
Later, his columns will contain topics that delve more deeply into the capital markets, such as listed companies, and much more.
The answer is 'its performance has been incredible'. Last year, the IHSG - which currently contains daily traded stocks - grew 13 percent. The IHSG is also divided in supporting indices that are formulated based on specific criteria, including sectoral division or other criteria.
Indonesia is the fourth most populated country in the world, and its economy shows robust growth at a pace of about six percent per year. Currently, the IHSG is reaching record-high levels almost on a daily basis. The current trend of the IHSG can be labeled "permabull", which - if we take a look at the stocks movements - is most likely to continue in the years ahead.
Why can I claim that? Because in the last 20 years, the IHSG has grown from a mere points in to points presently. And if we take into account Indonesia's growing economy, its unemployment rate that is only about 6.
Furthermore, foreign investors keep purchasing assets in the Indonesian capital markets, which shows the attractiveness of these markets. In , net foreign purchases totaled IDR Finally, I would like to conclude that Indonesia's capital markets are highly interesting.
They have shown robust growth, supported by the government and by an expanding economy. It is a catalyst that encourages foreign investors to continue buying assets in Indonesia. The current record-high level of the index should not be seen as an obstacle as the valuation of the index is expected to continue its growth. Please sign in or subscribe to comment on this column.
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