IDX composite
| IDX composite | |
|---|---|
| base data | |
| Country | Indonesia |
| Stock exchange | Indonesia Stock Exchange |
| ISIN | not known |
| WKN | not known |
| symbol | JKSE |
| RIC | ^ JKSE |
| Bloomberg code | JCI <INDEX> |
| category | Stock index |
| Type | Price index |
| family | Single index |
The IDX Composite (formerly JSX Composite, also Jakarta Composite Index, JCI, Indonesian: Indeks Harga Saham Gabungan, IHSG) is the most important share index in Indonesia . It includes all companies listed on the Indonesia Stock Exchange (IDX).
calculation
The IDX Composite is a price index in which all stock companies of the Indonesia Stock Exchange (IDX) are listed. It reflects the development of the entire Indonesian stock market. The index level is determined solely on the basis of share prices and only adjusted for income from subscription rights and special payments. The weighting is based on the market capitalization of the listed companies. Corporate actions such as stock splits have no (distorting) influence on the index. The calculation is updated every 60 seconds during IDX trading hours.
The index value is calculated using the following formula:
The opening hours of the exchange are: Monday to Thursday from 4:30 a.m. to 7:00 a.m. CET and 8:30 a.m. to 11:00 a.m. CET and Friday from 4:30 a.m. to 6:30 a.m. CET and 9:00 a.m. to 11 a.m. : 00 a.m. CET.
history
20th century
The index started on August 10, 1982 under the name JSX Composite (Jakarta Stock Exchange Composite). The base value was set at 100 points. The calculation was carried out back to 1977. From 1979 to 1985 the index closed for seven consecutive years with a loss. At the end of 1985 the Indonesian leading index stood at 66.53 points.
From the mid-1980s, trading activity and market capitalization grew with the development of the financial market and the private sector. The boom in the stock market reached its peak on April 4, 1990. On that day, the JSX Composite closed at 681.94 points, 925 percent higher than in December 1985. After the speculative bubble burst , the stock market barometer fell by 67.0 percent by October 30, 1991 to a closing level of 224.71 points. On July 9, 1997, the index ended trading at 740.83 points. The profit since October 1991 is 229.7 percent.
In the course of the Asian crisis , there was a massive outflow of capital, which triggered an economic crisis in the country. The crisis made investors in Indonesia nervous and withdrew their money. This put the currency, the Indonesian rupiah , under pressure. At the same time, the Indonesian government had a great need for short-term loans to fill gaps in the budget. The JSX Composite lost value in the course of the crisis. On September 21, 1998 it closed at 256.83 points, 65.3 percent lower than in July 1997.
In 1999 the index bounced back from its lows during the Asian crisis. By January 17, 2000 it rose to a closing level of 703.48 points. That was an increase of 173.9 percent since September 1998.
21st century
After the speculative bubble burst in the technology sector ( dotcom bubble ), the JSX Composite fell to a low of 342.86 points by April 20, 2001. That was a decrease of 51.3 percent since January 2000. On April 17, 2002, the stock market barometer ended trading at 551.61 points, 60.9 percent higher than in April 2001. By autumn 2002, the index had to accept again losses. On October 14, 2002, it closed at 337.48 points. The decrease since April 2002 is 38.8 percent. In the following 5 years the Indonesian leading index rose sharply.
On December 28, 2004 the JSX Composite closed with 1,003.92 points for the first time above the 1,000-point mark and on April 26, 2007 with 2,016.03 points for the first time above the limit of 2,000 points. On January 9, 2008, it set a new record with a final score of 2,830.26 points. That was an increase of 738.6 percent since October 2002.
In September 2007, the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) merged to form the Indonesia Stock Exchange (IDX). To reflect this change, the JSX Composite has been renamed IDX Composite .
In the course of the international financial crisis , which had its origin in the US real estate crisis in the summer of 2007, the index began to decline again. From the third quarter of 2008, the crisis increasingly affected the real economy. As a result, share prices collapsed worldwide. On September 9, 2008, the stock market barometer closed with 1,958.75 points, below the 2,000 point mark. The IDX Composite hit a new low on October 28, 2008 when it closed trading at 1,111.39 points. This corresponds to a decrease of 60.7 percent since January 2008.
October 28, 2008 marks the turning point in the downward trend. From autumn 2008 the index was on the way up again. On July 21, 2010, the IDX Composite closed with 3,013.40 points for the first time above the limit of 3,000 points. On January 4, 2013, the index reached an all-time high with a closing level of 4,410.02 points. The profit since October 28, 2008 is 296.9 percent.
Highs
The overview shows the all-time highs of the IDX Composite.
| Points | date | |
|---|---|---|
| in the course of trading | 6,693.47 | February 2018 |
Milestones
The table shows the milestones of the IDX Composite.
| First close over |
Final score in points |
date |
|---|---|---|
| 500 | 504.27 | February 28, 1990 |
| 1,000 | 1,003.92 | December 28, 2004 |
| 1,500 | 1,507.93 | May 8, 2006 |
| 2,000 | 2,016.03 | April 26, 2007 |
| 2,500 | 2,500.58 | October 5, 2007 |
| 3,000 | 3,013.40 | July 21, 2010 |
| 3,500 | 3,501.30 | September 30, 2010 |
| 4,000 | 4,003.69 | July 8, 2011 |
Annual development
The table shows the annual development of the IDX composite calculated back to 1977.
| year | Final score in points |
Change in points |
Change in% |
|---|---|---|---|
| 1977 | 98.00 | ||
| 1978 | 114.99 | 16.99 | 17.34 |
| 1979 | 110.03 | −4.96 | −4.31 |
| 1980 | 103.54 | −6.49 | −5.90 |
| 1981 | 100.26 | −3.28 | −3.17 |
| 1982 | 95.00 | −5.26 | −5.25 |
| 1983 | 85.62 | −9.38 | −9.87 |
| 1984 | 67.68 | −17.94 | −20.95 |
| 1985 | 66.53 | −1.15 | −1.70 |
| 1986 | 69.69 | 3.16 | 4.75 |
| 1987 | 82.58 | 12.89 | 18.50 |
| 1988 | 305.12 | 222.54 | 269.48 |
| 1989 | 399.69 | 94.57 | 30.99 |
| 1990 | 417.79 | 18.10 | 4.53 |
| 1991 | 247.39 | −170.40 | −40.79 |
| 1992 | 274.34 | 26.95 | 10.89 |
| 1993 | 588.77 | 314.43 | 114.61 |
| 1994 | 469.64 | −122.62 | −20.83 |
| 1995 | 513.85 | 47.70 | 10.23 |
| 1996 | 637.43 | 123.58 | 24.05 |
| 1997 | 401.71 | −235.72 | −36.98 |
| 1998 | 398.04 | −3.68 | −0.92 |
| 1999 | 676.92 | 278.89 | 70.07 |
| 2000 | 416.32 | −260.60 | −38.50 |
| 2001 | 392.04 | −24.28 | −5.83 |
| 2002 | 424.95 | 32.91 | 8.39 |
| 2003 | 691.90 | 266.95 | 62.82 |
| 2004 | 1,000.23 | 308.33 | 44.56 |
| 2005 | 1,162.64 | 162.41 | 16.24 |
| 2006 | 1,805.52 | 642.88 | 55.29 |
| 2007 | 2,745.83 | 940.31 | 52.08 |
| 2008 | 1,355.41 | −1,390.42 | −50.64 |
| 2009 | 2,534.36 | 1,178.95 | 86.98 |
| 2010 | 3,703.51 | 1,169.15 | 46.13 |
| 2011 | 3,821.99 | 118.48 | 3.20 |
| 2012 | 4,316.69 | 494.70 | 12.94 |
| 2013 | 4,274.18 | −42.51 | −0.98 |
| 2014 | 5,226.95 | 952.77 | 22.29 |
| 2015 | 4,593.00 | −633.95 | −12.13 |
| 2016 | 5,296.71 | 703.71 | 15.32 |
| 2017 | 6,355.65 | 1,058.94 | 19.99 |
| 2018 | 6,194.50 | −161.15 | −2.54 |
Web links
Individual evidence
- ↑ a b Stooq: Historical Prices 1983
- ↑ Yahoo: Historical prices from 1997
- ↑ Indonesia Stock Market (JCI) | 2019 | Data | Chart | Calendar | Forecast. Retrieved December 13, 2019 .
- ^ Meridian Securities Markets, Electronic Commerce Inc .: World Stock Exchange Fact Book , Electronic Commerce Inc., Morris Plains NJ 2001, ISBN 1-891518-17-8
- ↑ 1Stock1: IDX Composite (Indonesia) Yearly Returns
- ↑ JSX Composite Index (Indonesia) Yearly Stock Returns. Retrieved December 13, 2019 .