Jakarta, CNBC Indonesia – Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS) said that now is the right time for investors to buy shares and expand their business.
This is in line with the signal of the national economic recovery which is starting to be seen from the improvement in the banking intermediation function.
It is noted that demand for credit at commercial banks in August grew by 0.9% on an annual basis. Meanwhile, Third Party Funds (DPK) grew at a faster rate of 8.8% on an annual basis.
This increasing credit exposure, said Purbaya, is in line with the large supply of money from the central bank to national banks.
“The supply of money from the central bank has continued to grow positively since May, automatically the money absorbed by the central bank has fallen, banks have more cash than before and that will force them to eventually extend credit,” he said at a press conference.
With these conditions, as an indicator of the financial sector, the capital market is currently a sector that has the opportunity to grow in line with the economic recovery.
Not only that, now is also the right time for corporations to expand as banks start to disburse credit.
“So if you guys like to buy shares, buy them now, don’t wait any longer. Or friends who have businesses that are starting to expand now, get ready, don’t miss it. [ekonomi] will be good in the future,” said Purbaya added.
In the capital market, the Composite Stock Price Index (JCI) has recorded an increase of 3.07% since the beginning of the year. This performance is already better than the stock markets of Malaysia and the Philippines where both were corrected by 5.14% and 2.88%.
This is also supported by the net buying of foreign investors which reached Rp 30.36 trillion to the domestic capital market since early January this year.
(hps / hps)
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