As of Thursday, 34 companies had listed their shares on the IDX and another is expected to float its shares on Friday, the exchange’s data show.  Therefore, as of Friday, there will be 35 listings, of the total, 25 listings were made after the presidential and legislative elections in April. 

 IDX assessment director I Gede Nyoman Yetna said on Monday that nine more companies were waiting to list their shares in the remaining months of the second half, bringing the total number of new listings to 42.

Thendra Crisnanda, head of research at securities firm MNC Sekuritas, told The Jakarta Postthat the number of new listings would significantly increase in the second half, as many companies had chosen to list their shares after the presidential and legislative elections.

 “Many companies feel that post-election is the best time for an IPO as [the sociopolitical] condition is more stable,” he said, adding that the government tended to make clearer policies after polls.

Another factor that might encourage more companies to offer shares to the public was because raising loans from banks would still be relatively expensive.

Lending rates are still relatively high because Bank Indonesia (BI) has held its benchmark rates for seven consecutive months, although some central banks in the region, including Australia, Malaysia and the Philippines, have cut their reference rates to revive economic growth.

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