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IDX aims to boost stock transactions in 2017
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The trading floor at the Indonesia Stock Exchange (IDX) in Jakarta. (JP/Wienda Parwitasari)
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rading activity in the Indonesian capital market is set to grow significantly next year amid positive predictions for macroeconomic conditions and as new companies enter the bourse.
Indonesia Stock Exchange (IDX) expects to reach Rp 8 trillion (US$608 million) in average daily transactions, up from the targeted Rp 6.6 trillion set in the bourse’s 2016 annual work and budget revision plan.
“With the development of services and huge demand in the bourse, we expect that IDX could welcome 35 companies next year,” IDX president director Tito Sulistio told reporters on Thursday after an extraordinary meeting with IDX shareholders.
Tito said IDX would promote information and educate potential companies through ‘Go Public’ information centers in various regions in a bid to grow the number of listed companies. He added the bourse would also develop incubators for start-up companies.
“We will facilitate start-up companies by providing them with places, technical guidance and opportunities to meet with angel investors, so they would be able to head for initial public offerings (IPO),” IDX corporate assessment director Samsul Hidayat said.
The domestic economy is estimated to grow by 5.1 percent next year, with the inflation rate targeted to be 4 percent plus/minus 1 percent and the rupiah seen at Rp 13,300 per US dollar. (win/dan)
