Heaptalk, Jakarta — Indonesia’s Stock Exchange (IDX) officially closed its 2024 trading year on Monday, December 30, at the IDX Main Hall. The ceremony, attended by key stakeholders, highlighted the collective efforts of the Self-Regulating Organizations (SROs)—IDX, PT Kliring Penjaminan Efek Indonesia (KPEI), and PT Kustodian Sentral Efek Indonesia (KSEI)—and oversight from the Financial Services Authority (OJK).
“Globally, IDX’s performance remains highly competitive compared to other exchanges. Our capital market has not only weathered uncertainties but also excelled, demonstrating robust performance both within ASEAN and globally,” stated IDX President Director Iman Rachman.
2024 highlights in the archipelago’s capital market
Investor enthusiasm soared in 2024, with total capital market investors—including stocks, bonds, and mutual funds—rising to 14.84 million, a significant increase from the previous year. Stock investors alone grew by over one million, reaching 6.37 million. Active investor participation also climbed, with an average of 147,000 daily transactions as of December 24, 2024.
By November 2024, institutional foreign investors had increased their trading proportion to 36.6% of daily transaction values, while retail investors maintained a stable 32.8%. The uptick in participation was supported by extensive outreach and educational initiatives, totaling 33,955 activities involving over 57.4 million participants nationwide.
From the supply side, IDX recorded 41 new stock listings, 143 bond and sukuk issuances, one new ETF, and 495 structured warrants. According to EY Global IPO Trends 2024, IDX ranked 10th globally for IPO volume, raising Rp14.3 trillion through new stock listings, bringing the total listed companies to 943.
Notable achievements included the highest Jakarta Composite Index (JCI) level, 7,905.39, on September 19, 2024, and a record market capitalization of Rp13,475 trillion. Average daily trading values increased to Rp12.9 trillion, and daily transaction volumes reached 19.9 billion shares and 1.13 million transactions.
The alternative debt securities (SPPA) trading system also rose, with average daily transactions hitting Rp1.04 trillion. Meanwhile, non-equity products recorded Rp4.38 trillion in transactions, and carbon unit trading debuted with 1.78 million tons of CO2 equivalent recorded, valued at Rp19.73 billion.
IDX also spearheaded various initiatives in 2024, focusing on market connectivity, product development, and investor protection. Key milestones included the ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE) workshops, partnerships with Nasdaq, and the launch of new indices like IDX Cyclical Economy 30. The introduction of Single Stock Futures (SSF) and enhancements to trading rules further strengthened IDX’s position.
Iman Rachman emphasized, “Our achievements reflect the collaborative efforts of all stakeholders. We will maintain this momentum by driving innovation, expanding market depth, and enhancing our infrastructure.”
IDX next year measures with strategic goals and innovation
IDX has set ambitious targets for 2025, including adding 2 million new investors, increasing average daily stock transaction values to Rp13.5 trillion, and achieving 407 new securities listings. These objectives aim to bolster Indonesia’s economic growth and ensure a vibrant capital market.
To meet these goals, IDX plans to implement intraday short selling, enhance bond trading systems, and introduce gold ETF products to cater to alternative investment demands. Additionally, developments like SPPA Repo and derivatives based on foreign indices are expected to deepen market liquidity.
“We are committed to fostering a sustainable and inclusive market,” Rachman added. “The introduction of gold ETFs, alongside other innovations, reflects our adaptability to evolving investor needs.”
