Friday, December 31, 2010

IDX Eyeing US$450.8 Bn of Capitalization

The Indonesia Stock Exchange (IDX) expects a growth by 25 percent on capitalization value in 2011 to around Rp 4,053 trillion , which will mainly be boosted by new issuers.

"We're expecting a rise of 25 percent," said IDX President Director Ito Warsito in Jakarta on Thursday, Dec 30.

Some of the issuers of high capitalization that will hold IPO in 2011 include PT Newmont Nusa Tenggara and PT Garuda Indonesia.

According to Ito, Newmont may have more market capitalization by Rp 70 trillion. "However, after the IPO, the value may be increasing," he said.

Total transaction value in the IDX until 29th of December, 2010, reaches Rp 1,249.27 trillion, a rise of 28.1 percent.

Meanwhile, the market capitalization value recorded by the IDX improved 60.63 percent.

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