Jakarta, CNBC Indonesia – The accumulation of investors’ purchases on the domestic stock market is happening massively. Last week, the average transaction value was recorded at Rp. 14.88 trillion in a week.
This value jumped 19.85% compared to the previous week which was recorded at Rp 12.42 trillion. And this week, the transaction value is also recorded at more than Rp 14 trillion per day.
Director of Trade and Member of the Exchange, Laksono Widodo gave an explanation regarding the increase in transaction value on the domestic stock exchange recently. Apart from retail investors, said Laksono, some institutional investors have also spent, such as pension funds (dapen) and insurance, although the value is not as big as retail investors.
“Institutions are also included. But not as big as retail,” he said when contacted by CNBC Indonesia, Thursday (3/12/2020).
Referring to IDX data, the transaction value up to this first session was recorded at IDR 13.4 trillion with a frequency of 864,653 times.
In details, of this amount, domestic investors made purchases worth Rp. 10.8 trillion and made sales of Rp. 10.9 trillion. From foreign investors, recorded purchases amounting to Rp 2.7 trillion and releasing Rp. 2.6 trillion.
Some of the shares bought by foreign investors on today’s trade include PT Bank Rakyat Indonesia Tbk (BBRI) for IDR 474.9 billion, PT Bank Central Asia Tbk (BBCA) at IDR 352.3 billion and PT Vale Indonesia Tbk (INCO) at IDR Ro 136.4 billion.
Meanwhile, IDX data recorded that on a year-to-date basis, from the beginning of the year until yesterday the value of stock transactions reached Rp. 8.5 trillion. The transaction value had dropped due to the Covid-19 pandemic.
However, in the past month, the average transaction value was recorded at IDR 12.18 trillion.
However, according to Panin Sekuritas analyst William Hartanto, the increase in frequency cannot be used as a measure of whether an institution has entered the market. However, the increase in transaction value does indicate a large amount of funds entering the market.
“It could be that it comes from retail investors who use more funds than usual, using margins, for example,” he told CNBC Indonesia, Thursday (3/12/2020).
Although he also did not deny it, institutional investors have entered the market to beautify their portfolios (window dressing) towards the end of the year.
“So there is a possibility that institutions have entered the market because of the window dressing, but I see this action by retail investors as well,” said William.
Domestic Control Transactions
Referring to OJK Capital Market Statistics data, in trend terms, domestic investors dominate transactions on the Indonesian stock exchange.
At least, this increasing trend has been seen since June, in which domestic investors contributed 69.22% of the transaction. Meanwhile, foreign investors recorded a share of 30.78%.
As of the second week of November, the share of domestic investors continued to show an increase to 73.59% with foreign investors amounting to 26.41%.
It is not surprising that the President Director of the IDX, Inarno Djajadi, calls this year a revival year for retail investors.
According to Inarno, throughout November, there were an average of 151 thousand retail investors actively transacting every day. This figure has increased quite rapidly by 196% from the position in January 2020 with retail investors actively transacting as many as 51 thousand investors.
Meanwhile, in terms of share ownership, retail investors also increased to 12.2% of total share ownership this October. Last year, only 10.6%.
“This year is the beginning of the awakening of [investor] retail, “said Inarno, in the Capital Market Media Gathering, Tuesday (1/11/2020).
(hps / hps)
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