FOREIGN CAPITAL FLOW TO INDONESIA
While stock markets in various countries are under pressure due to the COVID-19 pandemic, the stock market in Indonesia remains stable, and the JCI continues to show good support.
Composite Stock Price Index (JCI) or in English: Indonesia Composite Index, ICI, or IDX Composite. JCI was introduced for the first time on April 1, 1983 as an indicator of stock price movements on the JSE which is now known as the IDX.
The Dutch East Indies government established the Stock Exchange in Batavia in 1912. However, it did not go well due to several factors such as World War I and II and the revolution for independence of the Republic of Indonesia.
The Indonesia Stock Exchange was activated in 1977. At that time, very few Indonesians paid attention to being involved in stock exchange activities.
Based on statistical data released by the Indonesia Stock Exchange (IDX). In 1987 there were only 24 listed companies with a market cap of 100 billion Rupiah.
Currently, the Indonesian Stock Exchange has listed more than 677 companies with a total market capitalization of 8,255.6 Trillion Rupiah. (IDX QUARTER STATISTICS, 4th QUARTER 2021).
