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By APD writer Maverick
JAKARTA, Dec. 30 (APD) — Indonesian President Joko Widodo closed on Friday national stock trading for this year amid positive sentiment lingering in the activities with new index record of 6,355.65 in the day.
The record-breaking figure peaked the upward stock trading trend in the last few days with significant point expansions.
“The stock market is officially closed down now at an index of 6,355.65, beyond our expectation,” the president said in Indonesian Stock Exchanges (IDX) building here in the afternoon.
In the event, the president expressed his appreciations to all elements involved in national stock market activities and industries for their contributions to further enhance national economy.
Indonesian stock market saw increasing trend throughout this year with new index record of 6,000 was reached in the last several weeks amid the positive sentiments resulted from opinions of international agencies.
Indonesia obtained two investment grade ratings from Fitch Ratings and Standard & Poor's (S&P) Global Ratings this year for the nation’s sound economic reform and policies, resiliences from external pressures amid global economic downturn at present.
BEI President Director Tito Sulistio said that national stock market experienced significant improvement with index growth of almost 20 percent throughout this year.
BEI learned that number of investors in the stock market has expanded to 1.12 million with domestic capitalization reached 340 trillion rupiah (about 25 billion U.S. Dollars) throughout this year.
Some 37 firms conducted Initial Public Offering (IPO) through BEI this year, making it the largest number recorded by BEI in the last 23 years, and also the largest in the region this year, he said.
(ASIA PACIFIC DAILY)
