ASIATODAY.ID, JAKARTA – Bank Indonesia (BI) reported that the flow of foreign capital into the domestic financial market reached IDR 21.72 trillion in the period 13-14 March 2024. The incoming foreign capital was dominated by government securities (SBN).
Head of the BI Communications Department, Erwin Haryono, said that the flow of foreign capital through SBN was worth IDR 12.44 trillion, the stock market was IDR 8.91 trillion, and through the Bank Indonesia Rupiah Securities (SRBI) instrument was IDR 370 billion.
“Based on transaction data from 13-14 March 2024, non-residents in the domestic financial market recorded a net purchase of IDR 21.72 trillion consisting of a net purchase of IDR 12.44 trillion on the SBN market, a net purchase of IDR 8.91 trillion on the stock market, and a net purchase of IDR 0.37 trillion in SRBI,” explained Erwin Haryono in an official statement received on Sunday, March 17 2024.
Cumulatively, from January 1 to March 14 2024, the transactions that occurred were non-residents net selling IDR 23.34 trillion on the SBN market, net buying IDR 19.68 trillion on the stock market, and net buying IDR 23.84 trillion on SRBI. The yield on the 10-year US Treasury Note rose to 4.290% as of Thursday, March 14 2024.
The Indonesian 5-year investment risk premium (credit default swap) value fell to 67.06 basis points on Thursday, March 14 2024 compared to the position on Friday, March 8 2024 which was 68.32 basis points.
Meanwhile, BI’s Jakarta Interbank Spot Dollar Rate (JISDOR) exchange rate data shows that the rupiah exchange rate was IDR 15,6234 per US dollar on Friday, March 15 2024. (ATN)
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