Capital Market Foundation Strengthens

Indonesia’s capital market performance in 2019, especially the stock market, stagnated compared to the previous year. However, its foundation has strengthened.

KOMPAS/ALIF ICHWAN

Finance Minister Sri Mulyani Indrawati (third left), accompanied by Trade Minister Agus Suparmanto (fourth right) close Indonesian The Indonesian Composite Index in 2019 at the Indonesia Stock Exchange (IDX) Jakarta, Monday (30/12/2019).

JAKARTA, KOMPAS – The Indonesian Composite Index (IHSG) closed at 6,299.5 on the year’s final day of trading at the Indonesian Stock Exchange (IDX) on Monday (30/12). This was an increase of only 1.7 percent compared to the close in 2018, which was 6,194.5. Stock index performance in 2019 was far below that in 2016 and 2017, when it grew 15 and 20 percent respectively. However, it was still better than the minus 2.54 percent in 2018.

“The past year has been quite hard on the economy. In the highly volatile global economic environment, all of us need to synergize to protect our economy,” Finance Minister Sri Mulyani Indrawati said at the 2019 stock trade close at the IDX on Monday.