Skip to main content

Indonesian Stock Index Falls by 51 Percent in 2008


Capital Market and Financial Institution Supervisory Body (Bapepam-LK) reported on Tuesday that the Indonesian bourse posted the third largest drop in share prices in 2008.The composite index of the Indonesian Stock Exchange was at 1,340.89 or fell 51.17 percent from the late 2007 index.In a year end presser at the IDX office, head of the supervisory body Fuad Rahmany said almost all regional bourse experienced index losses, China's Shenzhen and Shanghai had the biggest index drop of 62.72 percent, followed by Mumbai index by 53.83 percent. Market capitalization in the IDX was also down by 46.37 percent from Rp 1,988.3 trillion (US$ 179.9 billion) to Rp 1,072.5 trillion (US$ 96.96 billion).

Despite the drop, annual daily transaction at the bourse rose by 4,19 percent to Rp 4.447 trillion (US$ 401.7 million).Singapore followed Indonesia on the list, posting a 50.21 percent drop followed by Hong Kong with 49 percent, the philippines 48.29 percent, Taiwan 47.98 percent, Thailand 47.95 percent, Japan 42.91 percent, and Malaysia by 39.98 percent.In line with the first report, the Indonesian Central Securities Depository (KSEI) also reported a drop on the total assets of the financial market recorded in the company. As of December 2008 total assets of the market were recorded at Rp 551.6 trillion (US$ 49.7 billion) down 42 percent compared to the 2007 figure.The drop was mainly on falling shares asset from Rp 1,191.33 trillion to Rp 646.53 trillion (US$ 58.4 billion).

Bonds assets on the contrary were rising. Government bonds sharply increased to 15.27 trillion (US$ 1.3 trillion) from Rp 10.67 trillion (US$ 961.4 million). The sharia bonds grew three fold from Rp 1.025 trillion (US 92.3 million) to Rp 3.3 trillion (US$ 297.5 million), while mutual funds asset rose to Rp 725.5 billion (US$ 65.3 million) from Rp 578 billion (US$ 52 million).
Labels:

Comments

Post a Comment

Popular posts from this blog

Greenpeace boycott Palm oil products Duta Palma

Environmental organization Greenpeace India has demanded that all Indian palm oil importers and corporate consumers immediately stop palm oil sourcing from Indonesian companies like Duta Palma who make palm oil by destroying forests and tiger habitat in Indonesia. An investigative report issued by Greenpeace Indonesia released on Thursday links India's growing palm oil imports and corporate apathy to Duta Palma's destruction of hundreds of acres of Indonesian rainforests and tiger habitat in complete disregard of Indonesian government&# 39;s moratorium on such activities in the rainforest. Big Indian corporates like Ruchi Soya, Adani -Wilmar, Godrej Industries, Parle, Britannia are among many who use Indonesian palm oil in their products on a large scale.  "Duta Palma's dirty oil could well be entering into their supply chains. Yet, so far, no Indian company has taken any visible steps to clean up their supply chain, to delink their brands from the ...
Post a Comment
Read more

If Soeharto became National Hero

Three short years after his death, Indonesia's dictator Suharto has been   nominated to a shortlist to be designated a "National Hero." The final decision   rests with President Susilo Bambang Yudhoyono. and any honors will likely be   announced on November 10, Heroes’ Day. President Obama is scheduled to visit  Indonesia around that date.  After Suharto died in January 2008, Indonesia's former dictator General Suharto   has died in bed and not in jail, escaping justice for his numerous crimes in   East Timor and throughout the Indonesian archipelago. One of the worst mass   murderers of the 20th century, his death tolls still shock... We cannot forget that the United States government consistently supported   Suharto and his regime. As the corpses piled up after his coup and darkness   descended on Indonesia, his cheerleaders in the U.S. welcomed the "gleam of   light in Asia." In the pursuit of realpolitik, U.S. administration a...
2 comments
Read more

The complicated policies to overcome congestion in Jakarta

A young woman, carrying her infant son in a sling around her neck, stands in the shadows of a decaying concrete pylon, her hand extended in the hope that a passing motorist will pick her up. Maya Sari, 23, and one-year-old Muhammad are ''jockeys''. Jakarta motorists pay to carry them in peak hour traffic, because to legally travel on the city's best roads, cars need three occupants. Babies count, and they cost less to hire than an adult, so on feeder roads all over the city, women and their young children stand touting for business. One ride with them costs the driver about 20,000 rupiah, or $2.15. As Jakarta's population grows in wealth, 565 more cars and 3006 more motorbikes clog its roads every day. According to one official report, this city with a daytime population of 11 million is just nine years away from being gridlocked. When it rains and the roads flood, many areas are there already. It's the most immediately obvious of Indonesia's profound ...
Post a Comment
Read more