Capital Market Impenetrable from Political Hustle, at least For Now

By Editorial Team 31/10/2023
stock market
Summary

The Indonesia Stock Exchange recorded fundraising in the capital market, reaching Rp 204.14 trillion in October. This figure has exceeded the 2023 target of Rp 200 trillion. The Indonesian Financial Services Authority's Chief Executive of the Capital Market Supervisory Agency Inarno Djajadi said this funding includes initial public offerings (IPO), Limited Public Offerings (PUT), the issuance of Debt Securities (Sukuk), and sustainable public offerings of Sukuk.

"Fund collection as of Oct 27 has already met the 2023 target," he said on Oct 30.

According to Inarno, fundraising through IPOs amounted to Rp 51.96 trillion from 66 companies that went public. Nineteen companies conducted PUT with a total fund of Rp 37 trillion, Sukuk issuances amounted to Rp 7.97 trillion from nine companies, and sustainable Sukuk offerings from 85 companies reached Rp 107.21 trillion.

In the OJK's queue or pipeline list, 97 companies plan to conduct IPOs with an estimated fundraising of Rp 54.48 trillion. There are also Sukuk issuances worth Rp 16.01 trillion from 12 companies and sustainable Sukuk offerings worth Rp 3.20 trillion from six companies.

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