pasar modal indonesia
DESCRIPTION
Materi ini disampaikan pada saat kunjungan mahasiswa ke BEI pada November 2011TRANSCRIPT
Jakarta, 24 November 2011Divisi Pemasaran BEI
PASAR MODAL INDONESIA
1. Sekilas Pasar Modal 2. Struktur Pasar Modal Indonesia3. Pasar Modal sebagai Sumber Pendanaan
bagi Perusahaan4. Pasar Modal sebagai Alternatif Investasi5. Market Up date
Outline
Sekilas Pasar Modal Indonesia
Pasar Modal adalah kegiatan yang bersangkutan dengan :
• Penawaran Umum dan Perdagangan Efek,• Perusahaan Publik yang berkaitan dengan Efek yang diterbitkannya, dan• Lembaga dan Profesi yang berkaitan dengan Efek.
(UU Pasar Modal No. 8 Tahun 1995)
Mengenal Pasar Modal
“Mempertemukan pihak yang membutuhkan dana jangka panjang dan pihak yang membutuhkan sarana investasi pada instrumen finansial
(saham, obligasi, reksa dana dan lain-lain)”
Manfaat Keberadaan Pasar Modal
Menyediakan sumber pembiayaan (jangka panjang) bagi dunia usaha sekaligus memungkinkan alokasi sumber dana secara optimal
Memberikan wahana investasi bagi investor sekaligus memungkinkan upaya diversifikasi
Penyebaran kepemilikan perusahaan sampai lapisan masyarakat menengah
Memberikan kesempatan memiliki perusahaan yang sehat dan mempunyai prospek
Keterbukaan dan profesionalisme, menciptakan iklim berusaha yang sehat
Menciptakan lapangan kerja/profesi yang menarik
Karakteristik Industri Pasar Modal
• Cermin aktivitas ekonomi modern dan menjadi salah satu tolok ukur kinerja ekonomi (IHSG) (mirror of economic activity)
• Dinamis dan terus membutuhkan inovasi dan adaptasi
• Keterbukaan Informasi (disclosure) menjadi basis pengambilan keputusan investasi
• Pergerakan modal tidak lagi ditentukan batas wilayah geografis (Borderless)
• Padat Teknologi Informasi. Keunggulan daya saing ditopang kemajuan teknologi informasi (scripless dan remote trading)
• Highly Regulated
Struktur Pasar Modal Indonesia
STRUKTUR PASAR MODAL INDONESIA
PERUSAHAAN EFEK
LEMBAGA PENUNJANG
PROFESI PENUNJANG Emiten
Perusahaan Publik
Reksadana• Penjamin Emisi
• Perantara Pedagang Efek
• Manajer Investasi
• Biro Adm Efek Bank Kustodian Wali Amanat Pemeringkat Efek
••
• Akuntan, Notaris, Penilai, Konsultan Hukum
•••
Badan Pengawas Pasar Modal dan Lembaga Keuangan
(BAPEPAM-LK)
Menteri Keuangan
Bursa Efek(IDX)
Lembaga Kliring & Penjaminan (KPEI)
Lembaga Penyimpanan & Penyelesaian (KSEI)
INVESTOR
(Asing
Domestik, •
Penggabungan Dua Bursa di Indonesia
• Penggabungan BES ke dalam BEJ kemudian berganti menjadi BEI mulai efektif tanggal 30 November 2007
• Merupakan fenomena yang terjadi di berbagai negara
JAKARTA STOCK EXCHANGE
SURABAYA STOCK EXCHANGE
Product:1. Stock2. Bonds
• Corporate Bonds• Government Bonds
3. Derivatives• LQ Futures• Mini LQ Futures• LQ 45 Futures Periodik• JP Futures
Product:1. Stock 2. Derivatives
• Equity Options• ETF (Exchange Traded Fund)
Product:1. Stock (387 issuers)2. Bonds
• Corporate Bonds (102 issuers, 244 series)
• Government Bonds (64 series)3. Derivatives
• Equity Options• ETF (Exchange Traded Fund)• LQ Futures• Mini LQ Futures• LQ 45 Futures Periodik• JP Futures
The MergerThe Merger
Pasar Modal sebagai Sumber Pendanaan bagi Perusahaan
Sumber Dana PerusahaanSumber Dana Perusahaan
Sumber Dana
Internal
Pasar Modal
Eksternal
Sektor Keuangan
•Laba perusahaan
•setoran modal tambahan, dll
Alasan Mencari Dana di Pasar Modal•Meningkatkan Modal Disetor •Diversifikasi Usaha•Ekspansi Usaha•Memperbaiki Struktur Modal Perusahaan
MANFAAT GO PUBLIC
• Meningkatkan nilai perusahaan• Tidak ada kewajiban membayar bunga• Ekspansi usaha tidak terbatas• Memudahkan akses dana : Right Issue, Obligasi dan
Hutang• Promosi, perusahaan lebih dikenal masyarakat• Tertib administrasi, manajemen lebih profesional• Citra /image perusahaan• Penyertaan masyarakat pemodal biasanya tidak ingin
masuk manajemen
PENYERTAAN/ MENERBITKAN SAHAM Membayar Dividen Presentase kepemilikan Pendiri berkurang (Dilusi) Keputusan/kebijaksanaan harus juga memperhatikan
kepentingan publik, penerapan Good Corporate Governance
Kewajiban Pelaporan (Bursa, Bapepam) Dituntut untuk lebih transparan (Disclousure)
Konsekuensi Go Public
Pasar Modal sebagai Alternatif Investasi
Sistem Perdagangan BEI
Sistem Perdagangan: JATS NextG Diresmikan pada tanggal 2 Maret 2009 Multi Product single platform Sinergi Optimal antara software dan hardware Terintegrasi dengan sistem pendukung, datafeed, JATS-RT dan SMART Kapasitas Mesin DRC setara dengan mesin utama Kapasitas: 1.000.000 order dan 500.000 transaksi per hari
Waktu Perdagangan Pre-Opening: 09:10 - 09:25 SENIN s.d. KAMIS
SESI 1 : 09.30 - 12.00 SESI 2 : 13.30 - 16.00
JUMAT SESI I : 09.30 - 11.30 SESI II : 14.00 - 16.00
T + 3T + 3
Mekanisme Jual BeliMekanisme Jual Beli
Beberapa Hal dalam Melakukan Transaksi EfekBeberapa Hal dalam Melakukan Transaksi Efek
Masyarakat investor tidak bisa membeli Saham dan Obligasi langsung ke Bursa Efek Indonesia.
Tetapi harus melalui Perusahaan Efek yang menjadi Anggota Bursa Efek.
Membuka Rekening di Anggota Bursa dan membuat perjanjian tertulis dengan Anggota Bursa
Di BEI saat ini terdapat 119 Perusahaan Efek sebagai Anggota Bursa aktif. Di BEI saat ini terdapat 119 Perusahaan Efek sebagai Anggota Bursa aktif.
Order berasal dari nasabah disampaikan melalui sistem JATS Limit Order Sistem JATS menggunakan sistem Lelang Berkelanjutan
(continuous auction) Price and Time Priority JATS mempertemukan Harga Terbaik: Harga Terendah Offer
bertemu Harga Tertinggi Bid Multi Fraksi Auto Rejection
Mekanisme Pembentukan HargaMekanisme Pembentukan Harga
Indeks Harga SahamIndeks Harga Saham Indeks menggambarkan trend pergerakan pasar Jika Indeks mengalami kenaikan berarti secara
umum harga-harga saham di Bursa mengalami kenaikan.
Sebaliknya, jika Indeks mengalami penurunan berarti secara umum harga-harga saham di Bursa mengalami penurunan.
Indeks merupakan indikator penting bagi pelaku di pasar modal.
Indeks di BEI:• Indeks Harga Saham Gabungan (IHSG)• Indeks Sektoral• Indeks LQ 45• Indeks JII (Jakarta Islamic Index)• Indeks Papan Utama dan Indeks Papan
Pengembangan• Indeks Individual
Latest Updates on Indonesia Stock Exchange
Indonesia Stock Exchange Trading Activities11 November 2011
*) 11 November 2011
Year
Average Daily TradingJakarta
Composite Index
Market Capitalization
(Billion Rp)Volume
(Million Sh)
Value(Million Rp)
Frequency (X)
1996 119 304,136 7,063 637.432 215,026
1997 311 489,371 12,083 401.712 159,930
1998 367 403,582 14,195 398.038 175,729
1999 723 598,704 18,418 676.919 451,815
2000 563 513,702 19,217 416.321 259,621
2001 603 396,434 14,722 392.036 239,259
2002 699 492,909 12,621 424.945 268,423
2003 967 518,337 12,203 691.895 460,366
2004 1,709 1,024,925 15,452 1,000.233 679,949
2005 1,654 1,670,808 16,510 1,162.635 801,253
2006 1,806 1,841,769 19,880 1,805.523 1,249,629
2007 4,226 4,268,920 48,216 2,745.826 1,988,326
2008 3,283 4,435,531 55,905 1,355.408 1,076,491
2009 6,090 4,046,202 87,040 2,534.356 2,019,375
2010 5,432 4,800,969 105,790 3,703.512 3,247,097
2011*) 5,008 5,177,856 116,210 3,778.885 3,431,914
2005 - 11 November 2011Market Capitalization and Listed Companies
“Market Capitalization has increased 328%
Listed Companies have increased 29% “
-
400
800
1,200
1,600
2,000
2,400
2,800
3,200
3,600
4,000
4,400
1992 – 11 November 2011
1992 1993 1994 19961995 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
30-Nov-2007Consolidation of the
SSX into JSX to become the IDX
2,688.332
6-Oct-2004Launching of Stock Option
856.060
28-Mar-2002Implementation of
Remote Trading481.775
9-Sep-2002T+4 to T+3 Settlement430.271
21-Jul-2000Scriptless Trading
512.617
23-Dec-1997Founding ofKSEI397.031
23-Jul-1997Financial
Crisis718.189
6-Aug-1996Founding of KPEI
554.790
24-Jul-1995 Merging process of SSX into
Bursa Paralel Indonesia509.532
22-May-1995JATS
461.389
13-Jul-1992Privatization of JSX321.544
8-Oct-2008Suspend Trading
1,451.669
01-August-2011Highest Index
4,193.441
2-Mar-2009JATS Next G 1,256.109
28-Oct-2008Lowest Index in 2008
1,111.390
2010 2011*
*) 11 November 2011
424.945
691.895
1,000.233
1,162.635
1,805.523
2,745.826
1,355.408
2,534.356
3,703.512
3,778.885
-
400
800
1,200
1,600
2,000
2,400
2,800
3,200
3,600
4,000
4,400
55.30%
52.08%
2002
2003
2004
2005
2006
2007
2008
2009
86.98%
-50.64%
46.13%
2010
2002 – 11 November 2011
2011**) 11 November 2011
8.39% 62.82%
44.56%
16.24%
2.04%
PT BURSA EFEK INDONESIA
IDX Composite Index and Daily Average Value
-
400
800
1,200
1,600
2,000
2,400
2,800
3,200
3,600
4,000
4,400
-
1,500
3,000
4,500
6,000
7,500
9,000
10,500
12,000
13,500
15,000
16,500
Daily Average per month
Composite Index
Trading Value (Rp billion) IDX Index
2005 2006 2007 2008 2009 2010 2011
Daily Average 2011 (Bn) =
Jan 2005 - Nov 23, 2011
5,114
Daily Average 2010 (Bn) = 4,801Daily Average 2009 (Bn) = 4,046Daily Average 2008 (Bn) = 4,436Daily Average 2007 (Bn) = 4,269Daily Average 2006 (Bn) = 1,842Daily Average 2005 (Bn) = 1,671
PT BURSA EFEK INDONESIA
IDX Composite Index and US$ Mid Rate
8,000
8,500
9,000
9,500
10,000
10,500
11,000
11,500
12,000
12,500
13,000
13,500
0
400
800
1,200
1,600
2,000
2,400
2,800
3,200
3,600
4,000
4,400
IDX Composite Mid Rate Rp/US$
IndexMid Rate Spot FX, BI
(Rp)
2004 2005 2006 2007 2008 2009 2010 2011
January 2004 - November 23, 2011
PT BURSA EFEK INDONESIA
INDONESIA STOCK EXCHANGE STATISTICAL HIGHLIGHTS1
2005 2006 2007 2008 2009 2010 2011
Composite Index 1,162.635 1,805.523 2,745.826 1,355.408 2,534.356 3,703.512 3,687.008
Number of Listed Companies 336 344 385 2 398 2 400 2 422 2 437 2
Number of New Issuers 8 12 24 2 19 13 23 20 Delisted Companies 3 4 8 6 11 1 5 Market Capitalization (Trill. Rp) 801.3 1,249.1 1,988.3 1,076.5 2,019.4 3,247.1 3,392.9 Market Capitalization (bill. US$) 81.4 138.4 211.1 98.3 214.1 361.7 375.5
Trading Volume (bill. shares) 401.9 436.9 1,039.5 787.8 1,467.7 1,330.9 1,092.3 Trading Value (Trilliun Rp) 406.0 445.7 1,050.2 1,064.5 975.1 1,176.2 1,130.2 Trading Value (billion US$) 41.3 49.4 114.93 112.57 96.20 129.78 129.45 Number of Trades (thousand) 4,012 4,811 11,861 13,417 20,977 25,919 25,469
Number of Trading Days 243 242 246 240 241 245 221
Average Daily Trading:Volume (mill. shares) 1,653.8 1,805.5 4,225.8 3,282.7 6,089.9 5,432.1 4,942.4 Value (billion Rp) 1,670.8 1,841.8 4,268.9 4,435.5 4,046.2 4,801.0 5,114.1 Value (million. US$) 169.8 204.1 467.2 469.1 399.2 529.7 585.7 Number of Transaction 16,510 19,880 48,216 55,905 87,040 105,790 115,245
Funds Raised from:IPO (tril Rp) 3.55 3.00 16.87 24.39 3.85 29.68 15.98 Rights (tril Rp) 6.08 13.25 30.05 57.64 8.56 48.16 37.07 Warrant (tril Rp) 0.23 0.79 2.53 1.98 2.50 1.87 0.64
Total Fund Raised (tril Rp) 9.85 17.05 49.45 84.01 14.91 79.71 53.69 1 Equity Trading Only2 Includes : 2 ETFs
November 23, 2011
Based on Investors’ Nationality – 2008 to October 2011
Institutions: Insurance, Mutual Fund, Pension Fund, Financial Institution, Corporate, Securities Company, Foundation
Source Data : Indonesia Central Securities Depository
Proportions of Stocks Ownerships*
*) Scriptless Stocks
11 November 2011Market Capitalization and Trading Value By Industry
20 Biggest Market Capitalization11 November 2011
[S] Sharia Compliant Stock
Market Capitalization(Trillion Rp)
1 ASII Astra International Tbk. [S] 281.36 8.20 2 BBCA Bank Central Asia Tbk. 198.93 5.80 3 BBRI Bank Rakyat Indonesia (Persero) Tbk. 167.29 4.87 4 BMRI Bank Mandiri (Persero) Tbk. 165.16 4.81 5 TLKM Telekomunikasi Indonesia Tbk. [S] 149.18 4.35 6 HMSP HM Sampoerna Tbk. 141.13 4.11 7 UNVR Unilever Indonesia Tbk. [S] 121.70 3.55 8 GGRM Gudang Garam Tbk. 116.41 3.39 9 UNTR United Tractors Tbk. [S] 94.93 2.77
10 PGAS Perusahaan Gas Negara Tbk. 75.15 2.19 11 BBNI Bank Negara Indonesia (Persero) Tbk. 72.93 2.12 12 ADRO Adaro Energy Tbk. [S] 65.57 1.91 13 BYAN Bayan Resources Tbk. 61.67 1.80 14 INTP Indocement Tunggal Prakasa Tbk. [S] 54.85 1.60 15 SMGR Semen Gresik (Persero) Tbk. [S] 54.57 1.59 16 ITMG Indo Tambangraya Megah Tbk. [S] 49.49 1.44 17 BUMI Bumi Resources Tbk. 47.26 1.38 18 BDMN Bank Danamon Indonesia Tbk. 45.55 1.33 19 EXCL XL Axiata Tbk. 43.87 1.28 20 INDF Indofood Sukses Makmur Tbk. 42.80 1.25
2,049.81 59.73
3,431.91 Total IDX
Market Capitalization of The 20 Stocks
%No. Code Listed Stock
BUMN
20 Top Listed Companies by Trading ValuePeriod : January – 11 November 2011
[S] Sharia Compliant Stock
Value of Transaction(Trillion Rp)
1 BUMI Bumi Resources Tbk. 97.93 8.88 2 BMRI Bank Mandiri (Persero) Tbk. 77.93 7.07 3 ASII Astra International Tbk. [S] 67.62 6.13 4 BBRI Bank Rakyat Indonesia (Persero) Tbk. 59.57 5.40 5 TLKM Telekomunikasi Indonesia Tbk. [S] 38.17 3.46 6 PGAS Perusahaan Gas Negara Tbk. 37.22 3.38 7 ADRO Adaro Energy Tbk. [S] 32.50 2.95 8 UNTR United Tractors Tbk. [S] 28.93 2.62 9 BBNI Bank Negara Indonesia (Persero) Tbk. 26.48 2.40
10 BBCA Bank Central Asia Tbk. 23.29 2.11 11 ITMG Indo Tambangraya Megah Tbk. [S] 22.36 2.03 12 BRAU Berau Coal Energy Tbk. 20.30 1.84 13 INDF Indofood Sukses Makmur Tbk. 18.28 1.66 14 BORN Borneo Lumbung Energi & Metal Tbk. [S] 17.70 1.60 15 LPKR Lippo Karawaci Tbk. [S] 16.65 1.51 16 SIMP Salim Ivomas Pratama Tbk. 16.32 1.48 17 SMGR Semen Gresik (Persero) Tbk. [S] 16.12 1.46 18 ENRG Energi Mega Persada Tbk. [S] 15.66 1.42 19 HRUM Harum Energy Tbk. [S] 15.59 1.41 20 INTP Indocement Tunggal Prakasa Tbk. [S] 14.08 1.28
662.71 60.09
1,102.88 Total IDX
No. Code Listed Stock %
Total of The 20 Stocks
20 TOP LISTED COMPANIES BY TOTAL TRADING VALUE (US$)
Financial Statement Date : Dec 2009 – Dec 2010
2010 20091 ASII 14.37 10.04 43.09%2 TLKM 11.54 11.33 1.81%3 BBRI 11.47 7.31 56.98%4 BMRI 9.22 7.16 28.83%5 BBCA 8.48 6.81 24.56%6 HMSP 6.42 5.09 26.22%7 PGAS 6.24 6.23 0.17%8 MPPA 5.80 0.30 1,833.32%9 GGRM 4.15 3.46 19.98%
10 BBNI 4.10 2.48 65.13%11 INCO 3.93 1.61 144.26%12 UNTR 3.87 3.82 1.45%13 SMGR 3.63 3.33 9.22%14 UNVR 3.39 3.04 11.26%15 INTP 3.22 2.75 17.41%16 INDF 2.95 2.08 42.25%17 EXCL 2.89 1.71 69.13%18 BDMN 2.88 1.53 88.15%19 MLPL 2.83 0.11 2,457.23%20 BUMI 2.79 1.80 55.51%
Total of The 20 Stocks 114.18 81.97 39.30%Total IDX 170.73 123.20 38.58%
No Code Listed StockTotal Net Income
(Trilion Rp) Change (%)
Astra International TbkTelekomunikasi Indonesia TbkBank Rakyat Indonesia (Persero) TbkBank Mandiri (Persero) TbkBank Central Asia TbkHM Sampoerna TbkPerusahaan Gas Negara (Persero) TbkMatahari Putra Prima Tbk Gudang Garam TbkBank Negara Indonesia TbkINCO TbkUnited Tractors Tbk
Multipolar TbkBumi Resources Tbk
Semen Gresik (Persero) TbkUnilever Indonesia TbkIndocement Tunggal Prakarsa TbkIndofood Sukses Makmur TbkXL Axiata TbkBank Danamon Indonesia Tbk
Indonesia Stock Exchange Performance
BOND TRADING ACTIVITIESBOND TRADING ACTIVITIES
Corporate Bond Trading Activities2001 – October 2011
Outstanding
Volume Frequency (Miliar Rp) (Miliar Rp) (X )
2001 19,237 4.53 22002 20,205 24.86 82003 45,465 58.86 122004 61,300 71.98 212005 62,891 98.55 212006 67,806 138.18 112007 84,553 282.98 632008 73,979 219.30 502009 88,330 162.89 412010 115,348 418.43 702011* 135,086 515.16 72
* Oct 2011
Daily Average TransactionsYear Listed & Traded
Government Bond Trading Activities2001 – October 2011
Outstanding
Volume Frequency (Miliar Rp) (Miliar Rp) (X)
2001 64,654 262.98 52002 397,967 534.51 162003 390,482 1,395.31 512004 399,304 2,128.58 1122005 399,859 2,144.05 1002006 418,751 1,216.22 1342007 475,578 5,062.87 2272008 525,695 3,833.48 2062009 574,659 3,224.12 2182010 641,215 6,794.50 3812011* 712,006 8,169.53 437
* Oct 2011
Year Daily Average Transactions
Listed & Traded
October 2011
Corporate Bond Ownership (in Billion Rp)
Source : KSEI
6,771.645.21%
2,049.581.58%
31,267.8324.05%
32,032.6924.63%
29,589.0522.75%
24,841.3919.10%
423.060.33%
1,564.091.20%
1,497.021.15%
Corporate
Individual
Mutual Fund
Insurance
Pension Fund
Financial Inst
Securities Company
Foundation
Others
October 2011Government Bond Ownership
Source : DJPU
247.9135%
219.7831%
92.5413% 46.71
7%52.42
7%34.37
5%
17.952%
0.330.05%
Bank
Foreign
Insurance Company
Mutual Fund
Others
Pension Fund
BI
Securities Company
2009 – 11 November 2011
2009 2010Change 09-
102011*
Change 10- 11*
IDX
2,534.356
3,703.51 46.13% 3,778.89 2.04%
KRX
1,682.770
2,051.00 21.88% 1,863.45 -9.14%
SET 734.540 1,032.76 40.60% 970.97 -5.98%
BM
1,272.780
1,518.91 19.34% 1,468.75 -3.30%
SGX
2,897.620
3,190.04 10.09% 2,790.94 -12.51%
TSE10,546.4
4010,228.92 -3.01% 8,514.47 -16.76%
HKeX21,872.5
0023,035.45 5.32% 19,137.17 -16.92%
SSE3,243.76
0 2,808.08 -14.31% 2,481.08 -11.64%
BSE17,464.8
10 20,509.09 17.43% 17,186.07 -16.20%
DJI10,428.0
50 11,577.51 11.02% 11,893.79 2.732%
FT100
5,412.900
5,899.90 9.00% 5,461.67 -7.43%
IDX : Indonesia Stock Exchange
KRX : Korea Exchanges
SET : Stock Exchange of Thailand
BM : Bursa Malaysia
SGX : Singapore Exchanges
TSE : Tokyo Stock Exchange
HKEX : Hong Kong Exchanges
DJI : Dow Jones
SSE : Shanghai Stock Exchange
BSE : Bombai Stock Exchange
FT100 : UK
*) 11 November 2011
2004 - 11 November 2011
2004 – 11 November 2011
2004 2005 2006 2007 2008 2009 2010 2011* Change
IDX 1,000.23 1,162.64 1,805.52 2,745.83 1,355.408 2,534.356 3,703.51 3,778.89 277.80%
KRX 895.92 1,379.37 1,434.46 1,897.13 1,124.470 1,682.770 2,051.00 1,863.45 107.99%
SET 668.10 710.22 679.84 858.10 449.960 734.540 1,032.76 970.97 45.33%
BM 907.43 900.49 1,096.24 1,445.03 876.750 1,272.780 1,518.91 1,468.75 61.86%
SGX 2,066.14 2,342.32 2,985.83 3,482.30 1,761.560 2,897.620 3,190.04 2,790.94 35.08%
TSE 11,488.76 16,111.43 17,225.83 15,307.78 8,859.560 10,546.440 10,228.92 8,514.47 -25.89%
HKeX 14,230.14 14,876.43 19,964.72 27,812.65 14,387.480 21,872.500 23,035.45 19,137.17 34.48%
SSE 1,266.50 1,161.06 2,675.47 5,261.56 1,820.805 3,243.760 2,808.08 2,481.08 95.90%
BSE 6,602.69 9,397.93 13,786.91 20,286.99 9,647.310 17,464.810 20,509.09 17,186.07 160.29%
DJI 10,783.01 10,717.50 12,463.15 13,264.82 8,776.390 10,428.050 11,577.51 11,893.79 10.30%
FT100 4,814.30 5,618.76 6,220.810 6,456.90 4,434.170 5,412.900 5,899.90 5,461.67 13.45%
IDX : Indonesia Stock Exchange KRX : Korea ExchangesSET : Stock Exchange of Thailand BM : Bursa MalaysiaSGX : Singapore Exchanges TSE : Tokyo Stock ExchangeHKEX : Hong Kong Exchanges DJI : Dow JonesSSE : Shanghai Stock Exchange BSE : Bombai Stock ExchangeFT100 : London Stock Exchange
*) 11 November 2011
Source : CEIC & Bloomberg
October 2011
IDX : Indonesia Stock ExchangeKRX : Korea ExchangeSET : Stock Exchange of ThailandBM : Bursa MalaysiaSGX : Singapore ExchangesTSE : Tokyo Stock ExchangeHKEX : Hong Kong ExchangesSSE : Shanghai Stock ExchangeBSE : Bombay Stock Exchange ASX : Australia Stock Exchange PSE : Philippine Stock Exchange
Source: World Federation of Exchanges
TSE24.66%
SSE18.68%
HKEX17.09%
ASX9.63%
BSE9.22%
KRX7.68%
SGX4.26%BM
2.91%IDX
2.79%SET
1.88%
PSE1.19%
October 2011
TSE : Tokyo Stock Exchange
SSE : Shanghai Stock
Exchange
HKEX : Hong Kong Exchanges
BSE : Bombay Stock
Exchange
ASX : Australia Stock
Exchange
KRX : Korea Exchanges
SGX : Singapore Exchanges
BM : Bursa Malaysia
IDX : Indonesia Stock
Exchange
SET : Stock Exchange of
Thailand
PSE : Philippine Stock
Exchange
Source: World Federation of Exchanges
TSE SSE HKEX ASX BSE KRX SGX BM IDX SET PSE
3,428
2,597
2,375
1,339 1,281
1,068
592 405 388
261 165
1) Equity Trading Only 2) Includes: 2 ETFs 3) 11 November 2011
1.Improving the System, Technology and Infrastructure :Single Investor Identity
Straight Through Processing
Data Warehouse
Increase trading capacity
Investor Protection Funds
Next? Target market capitalization of USD 750 billion by 2015.
New listed companies and products
2.3 million registered domestic investors by 2012 from < 400 thousands now
2. Increasing Market Capitalization :
3. Increasing the Liquidity :
Challenges
