Materi ini disampaikan pada saat kunjungan mahasiswa ke BEI pada November 2011

1. PASAR MODAL INDONESIA
Jakarta, 24 November 2011
Divisi Pemasaran BEI

2. Outline
1. Sekilas Pasar Modal
2. Struktur Pasar Modal Indonesia
3. Pasar Modal sebagai Sumber Pendanaan
bagi Perusahaan
4. Pasar Modal sebagai Alternatif Investasi
5. Market Up date

3. Sekilas Pasar Modal
Indonesia

4. 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)”
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)

5. 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

6. 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

7. Struktur Pasar Modal
Indonesia

8. STRUKTUR PASAR MODAL INDONESIA
Menteri Keuangan
Badan Pengawas Pasar Modal dan Lembaga Keuangan
(BAPEPAM-LK)
Bursa Efek
(IDX)
Lembaga Kliring &
Penjaminan (KPEI)
PERUSAHAAN
EFEK
LEMBAGA
PENUNJANG
PROFESI
PENUNJANG
Lembaga Penyimpanan &
Penyelesaian (KSEI)
INVESTOR
Emiten
Perusahaan Publik
•
Penjamin Emisi
•
Perantara Pedagang
Efek
•
Manajer Investasi
•
•
•
•
Biro Adm Efek
Bank Kustodian
Wali Amanat
Pemeringkat Efek
•
•
•
•
Akuntan,
Notaris,
Penilai,
Konsultan
Hukum
Reksadana
Domestik,
(Asing

9. 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

10. The Merger
J K RA T C E C A G
A AT S OK XH N E
SURABAYA STOCK EXCHANGE
Product:
1.
Stock
2.
Bonds
• Corporate Bonds
• Government Bonds
3.
Derivatives
• LQ Futures
• Mini LQ Futures
• LQ 45 Futures Periodik
• JP Futures
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
Product:
1.
Stock
2.
Derivatives
• Equity Options
• ETF (Exchange Traded Fund)

11. Pasar Modal sebagai Sumber
Pendanaan bagi Perusahaan

12. Sumber Dana Perusahaan
Sumber Dana
Internal
Eksternal
• Laba perusahaan
• setoran modal
tambahan, dll
Alasan Mencari Dana di Pasar Modal
•Meningkatkan Modal Disetor
•Diversifikasi Usaha
•Ekspansi Usaha
•Memperbaiki Struktur Modal Perusahaan
Sektor Keuangan
Pasar Modal

13. 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

14. Konsekuensi Go Public
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)

15. Pasar Modal sebagai Alternatif
Investasi

16. 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






17. Mekanisme Jual Beli
T+3

18. Beberapa 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.

19. Mekanisme Pembentukan Harga







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

20. Indeks Harga Saham




Indeks menggambarkan trend pergerakan pasar
J Indeks mengalami kenaikan berarti secara umum hargaika
harga saham di B
ursa mengalami kenaikan.
Sebaliknya, jika Indeks mengalami penurunan berarti secara
umum harga-harga saham di B
ursa mengalami penurunan.
Indeks merupakan indikator penting bagi pelaku di pasar
modal.
Indeks di B I:
E
• Indeks H
arga Saham Gabungan (IH
SG)
• Indeks Sektoral
• Indeks L 45
Q
• Indeks J (J
II akarta Islamic Index)
• Indeks Papan Utama dan Indeks Papan P
engembangan
• Indeks Individual

21. Latest Updates on Indonesia Stock
Exchange

22. Indonesia Stock Exchange Trading Activities
11 November 2011
Average Daily Trading
Year
Volume
Value
(Million Sh)
(Million Rp)
Frequency
(X)
Jakarta
Composite
Index
Market
Capitalization
(Billion Rp)
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
*) 11 November 2011

23. Market Capitalization and Listed Companies
2005 - 11 November 2011
“Market Capitalization has increased 328%
Listed Companies have increased 29% “

24. 1992 – 11 November 2011
4,400
01-August-2011
Highest Index
4,193.441
4,000
3,600
6-Aug-1996
Founding of KPEI
554.790
3,200
2,800
28-Mar-2002
Implementation of
Remote Trading
481.775
24-Jul-1995
Merging process of SSX into
Bursa Paralel Indonesia
509.532
2,400
2,000
1,600
21-Jul-2000
Scriptless Trading
512.617
22-May1995
JATS
461.389
13-Jul-1992
Privatization of JSX
321.544
23-Dec-1997
Founding of
KSEI
397.031
1,200
30-Nov-2007
Consolidation of the SSX
into JSX to become the
IDX
2,688.332
6-Oct-2004
Launching of
Stock Option
856.060
8-Oct-2008
Suspend Trading
1,451.669
800
400
-
23-Jul-1997
Financial
Crisis
718.189
9-Sep-2002
T+4 to T+3
Settlement
430.271
28-Oct-2008
Lowest Index in 2008
1,111.390
2-Mar-2009
JATS Next G
1,256.109
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011*
*) 11 November 2011

25. 2002 – 11 November 2011
4,400
4,000
3,778.885
3,703.512
3,600
3,200
2.04%
2,745.826
2,800
2,534.356
2,400
46.13%
2,000
1,805.523
1,600
52.08%
1,355.408
1,162.635
1,200
1,000.233
-50.64%
16.24%
424.945
400
44.56%
8.39%
-
86.98%
55.30%
691.895
800
62.82%
2002
2003
2004
2005
2006
2007
2008
2009
2010 2011*
*) 11 November 2011

26. IDX Composite Index and Daily Average Value
Jan 2005 - Nov 23, 2011
Trading Value
(Rp billion)
IDX Index
16,500
4,400
Daily Average 2011 (Bn) =
15,000
13,500
12,000
10,500
9,000
Daily Average 2010 (Bn) =
Daily Average 2009 (Bn) =
Daily Average 2008 (Bn) =
Daily Average 2007 (Bn) =
Daily Average 2006 (Bn) =
Daily Average 2005 (Bn) =
5,114
4,000
4,801
4,046
4,436
4,269
1,842
1,671
3,600
3,200
2,800
Daily Average per month
2,400
Composite Index
7,500
2,000
6,000
1,600
4,500
1,200
3,000
800
1,500
400
-
2005
2006
2007
2008
PT BURSA EFEK INDONESIA
2009
2010
2011
-

27. IDX Composite Index and US$ Mid Rate
January 2004 - November 23, 2011
Mid Rate Spot FX, BI
(Rp)
Index
4,400
13,500
IDX Composite
4,000
Mid Rate Rp/US$
13,000
3,600
12,500
3,200
12,000
2,800
11,500
2,400
11,000
2,000
10,500
1,600
10,000
1,200
9,500
800
9,000
400
8,500
0
8,000
2004
2005
2006
2007
2008
PT BURSA EFEK INDONESIA
2009
2010
2011

28. INDONESIA STOCK EXCHANGE STATISTICAL
HIGHLIGHTS1
November 23, 2011
2005
Composite Index
Number of Listed Companies
2006
1,162.635
1,805.523
336
344
2007
2,745.826
2008
1,355.408
2009
2,534.356
2010
3,703.512
2011
3,687.008
385 2
398 2
400 2
422 2
437
Number of New Issuers
Delisted Companies
Market Capitalization (Trill. Rp)
Market Capitalization (bill. US$)
8
3
801.3
81.4
12
4
1,249.1
138.4
24 2
8
1,988.3
211.1
19
6
1,076.5
98.3
13
11
2,019.4
214.1
23
1
3,247.1
361.7
20
5
3,392.9
375.5
Trading Volume (bill. shares)
Trading Value (Trilliun Rp)
Trading Value (billion US$)
Number of Trades (thousand)
401.9
406.0
41.3
4,012
436.9
445.7
49.4
4,811
1,039.5
1,050.2
114.93
11,861
787.8
1,064.5
112.57
13,417
1,467.7
975.1
96.20
20,977
1,330.9
1,176.2
129.78
25,919
1,092.3
1,130.2
129.45
25,469
243
242
246
240
241
245
221
1,653.8
1,670.8
169.8
16,510
1,805.5
1,841.8
204.1
19,880
4,225.8
4,268.9
467.2
48,216
3,282.7
4,435.5
469.1
55,905
6,089.9
4,046.2
399.2
87,040
5,432.1
4,801.0
529.7
105,790
4,942.4
5,114.1
585.7
115,245
Funds Raised from:
IPO (tril Rp)
Rights (tril Rp)
Warrant (tril Rp)
3.55
6.08
0.23
3.00
13.25
0.79
16.87
30.05
2.53
24.39
57.64
1.98
3.85
8.56
2.50
29.68
48.16
1.87
15.98
37.07
0.64
Total Fund Raised (tril Rp)
9.85
17.05
49.45
84.01
14.91
79.71
53.69
Number of Trading Days
Average Daily Trading:
Volume (mill. shares)
Value (billion Rp)
Value (million. US$)
Number of Transaction
1 Equity Trading Only
2 Includes : 2 ETFs
PT BURSA EFEK INDONESIA
2

29. Proportions of Stocks Ownerships*
Based on Investors’ Nationality – 2008 to October 2011
Institutions: Insurance, Mutual Fund, Pension Fund, Financial
Institution, Corporate, Securities Company, Foundation
Source Data
:
*) Scriptless Stocks
Indonesia Central Securities Depository

30. Market Capitalization and Trading Value By Industry
11 November 2011

31. 20 Biggest Market Capitalization
11 November 2011
No.
Code
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
ASII
BBCA
BBRI
BMRI
TLKM
HMSP
UNVR
GGRM
UNTR
PGAS
BBNI
ADRO
BYAN
INTP
SMGR
ITMG
BUMI
BDMN
EXCL
INDF
Market Capitalization
(Trillion Rp)
Listed Stock
Astra International Tbk. [S]
Bank Central Asia Tbk.
Bank Rakyat Indonesia (Persero) Tbk.
Bank Mandiri (Persero) Tbk.
Telekomunikasi Indonesia Tbk. [S]
HM Sampoerna Tbk.
Unilever Indonesia Tbk. [S]
Gudang Garam Tbk.
United Tractors Tbk. [S]
Perusahaan Gas Negara Tbk.
Bank Negara Indonesia (Persero) Tbk.
Adaro Energy Tbk. [S]
Bayan Resources Tbk.
Indocement Tunggal Prakasa Tbk. [S]
Semen Gresik (Persero) Tbk. [S]
Indo Tambangraya Megah Tbk. [S]
Bumi Resources Tbk.
Bank Danamon Indonesia Tbk.
XL Axiata Tbk.
Indofood Sukses Makmur Tbk.
%
2,049.81
59.73
Total IDX
BUMN
8.20
5.80
4.87
4.81
4.35
4.11
3.55
3.39
2.77
2.19
2.12
1.91
1.80
1.60
1.59
1.44
1.38
1.33
1.28
1.25
Market Capitalization of The 20 Stocks
[S] Sharia Compliant
Stock
281.36
198.93
167.29
165.16
149.18
141.13
121.70
116.41
94.93
75.15
72.93
65.57
61.67
54.85
54.57
49.49
47.26
45.55
43.87
42.80
3,431.91

32. 20 Top Listed Companies by Trading Value
Period : January – 11 November 2011
No.
Code
Listed Stock
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
BUMI
BMRI
ASII
BBRI
TLKM
PGAS
ADRO
UNTR
BBNI
BBCA
ITMG
BRAU
INDF
BORN
LPKR
SIMP
SMGR
ENRG
HRUM
INTP
Bumi Resources Tbk.
Bank Mandiri (Persero) Tbk.
Astra International Tbk. [S]
Bank Rakyat Indonesia (Persero) Tbk.
Telekomunikasi Indonesia Tbk. [S]
Perusahaan Gas Negara Tbk.
Adaro Energy Tbk. [S]
United Tractors Tbk. [S]
Bank Negara Indonesia (Persero) Tbk.
Bank Central Asia Tbk.
Indo Tambangraya Megah Tbk. [S]
Berau Coal Energy Tbk.
Indofood Sukses Makmur Tbk.
Borneo Lumbung Energi & Metal Tbk. [S]
Lippo Karawaci Tbk. [S]
Salim Ivomas Pratama Tbk.
Semen Gresik (Persero) Tbk. [S]
Energi Mega Persada Tbk. [S]
Harum Energy Tbk. [S]
Indocement Tunggal Prakasa Tbk. [S]
Total of The 20 Stocks
Value of Transaction
(Trillion Rp)
97.93
77.93
67.62
59.57
38.17
37.22
32.50
28.93
26.48
23.29
22.36
20.30
18.28
17.70
16.65
16.32
16.12
15.66
15.59
14.08
662.71
Total IDX
1,102.88
%
8.88
7.07
6.13
5.40
3.46
3.38
2.95
2.62
2.40
2.11
2.03
1.84
1.66
1.60
1.51
1.48
1.46
1.42
1.41
1.28
60.09
[S] Sharia Compliant Stock
20 TOP LISTED COMPANIES BY TOTAL TRADING VALUE (US$)

33. Financial Statement Date : Dec 2009 – Dec 2010
No
Code
Listed Stock
Total Net Income
(Trilion Rp)
2010
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
ASII
TLKM
BBRI
BMRI
BBCA
HMSP
PGAS
MPPA
GGRM
BBNI
INCO
UNTR
SMGR
UNVR
INTP
INDF
EXCL
BDMN
MLPL
BUMI
Astra International Tbk
Telekomunikasi Indonesia Tbk
Bank Rakyat Indonesia (Persero) Tbk
Bank Mandiri (Persero) Tbk
Bank Central Asia Tbk
HM Sampoerna Tbk
Perusahaan Gas Negara (Persero) Tbk
Matahari Putra Prima Tbk
Gudang Garam Tbk
Bank Negara Indonesia Tbk
INCO Tbk
United Tractors Tbk
Semen Gresik (Persero) Tbk
Unilever Indonesia Tbk
Indocement Tunggal Prakarsa Tbk
Indofood Sukses Makmur Tbk
XL Axiata Tbk
Bank Danamon Indonesia Tbk
Multipolar Tbk
Bumi Resources Tbk
Total of The 20 Stocks
Total IDX
14.37
11.54
11.47
9.22
8.48
6.42
6.24
5.80
4.15
4.10
3.93
3.87
3.63
3.39
3.22
2.95
2.89
2.88
2.83
2.79
114.18
170.73
2009
10.04
11.33
7.31
7.16
6.81
5.09
6.23
0.30
3.46
2.48
1.61
3.82
3.33
3.04
2.75
2.08
1.71
1.53
0.11
1.80
81.97
123.20
Change
(%)
43.09%
1.81%
56.98%
28.83%
24.56%
26.22%
0.17%
1,833.32%
19.98%
65.13%
144.26%
1.45%
9.22%
11.26%
17.41%
42.25%
69.13%
88.15%
2,457.23%
55.51%
39.30%
38.58%

34. Indonesia Stock Exchange Performance
BOND TRADING ACTIVITIES

35. Corporate Bond Trading Activities
2001 – October 2011
Outstanding
Year
Listed & Traded
(Miliar Rp)
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011*
* Oct 2011
19,237
20,205
45,465
61,300
62,891
67,806
84,553
73,979
88,330
115,348
135,086
Daily Average Transactions
Volume
Frequency
(Miliar Rp)
(X )
4.53
24.86
58.86
71.98
98.55
138.18
282.98
219.30
162.89
418.43
515.16
2
8
12
21
21
11
63
50
41
70
72

36. Government Bond Trading Activities
2001 – October 2011
Outstanding
Year
Listed & Traded
(Miliar Rp)
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011*
* Oct 2011
64,654
397,967
390,482
399,304
399,859
418,751
475,578
525,695
574,659
641,215
712,006
Daily Average Transactions
Volume
Frequency
(Miliar Rp)
(X)
262.98
534.51
1,395.31
2,128.58
2,144.05
1,216.22
5,062.87
3,833.48
3,224.12
6,794.50
8,169.53
5
16
51
112
100
134
227
206
218
381
437

37. Corporate Bond Ownership (in Billion Rp)
October 2011
1,564.09
1.20%
1,497.02
1.15%
6,771.64
5.21%
2,049.58
1.58%
423.06
0.33%
Corporate
Individual
24,841.39
19.10%
Mutual Fund
31,267.83
24.05%
Insurance
Pension Fund
29,589.05
22.75%
Financial Inst
32,032.69
24.63%
Securities Company
Foundation
Others
Source : KSEI

38. Government Bond Ownership
October 2011
92.54
13%
Bank
46.71
7%
52.42
7%
219.78
31%
Foreign
34.37
5%
17.95
2%
247.91
35%
0.33
0.05%
Insurance Company
Mutual Fund
Others
Pension Fund
BI
Securities Company
Source : DJPU

40. 2009 – 11 November 2011
2009
IDX
KRX
SET
BM
SGX
2,534.356
1,682.770
734.540
1,272.780
2,897.620
2010
3,703.51
Change
09- 10
46.13%
2011*
3,778.89
Change
10- 11*
2.04%
2,051.00
21.88%
1,863.45
-9.14%
SET
: Stock Exchange of Thailand
1,032.76
40.60%
970.97
-5.98%
BM
: Bursa Malaysia
1,518.91
19.34%
1,468.75
-3.30%
SGX
: Singapore Exchanges
TSE
: Tokyo Stock Exchange
3,190.04
10.09%
2,790.94
-12.51%
HKEX
: Hong Kong Exchanges
10,228.92
-3.01%
8,514.47
-16.76%
DJI
: Dow Jones
SSE
: Shanghai Stock Exchange
BSE
: Bombai Stock Exchange
10,546.44
0
HKeX
21,872.50
0
23,035.45
5.32%
19,137.17
-16.92%
SSE
3,243.760
2,808.08
-14.31%
2,481.08
-11.64%
BSE
17,464.81
0
20,509.09
17.43%
17,186.07
-16.20%
10,428.05
0
11,577.51
11.02%
11,893.79
2.732%
5,899.90
9.00%
5,461.67
-7.43%
FT100
5,412.900
: Indonesia Stock Exchange
KRX : Korea Exchanges
TSE
*) 11 November 2011
DJI
IDX
FT100 : UK

41. 2004 - 11 November 2011

42. 2004 – 11 November 2011
2004
2005
2006
2010
2011*
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 :
SET :
SGX :
HKEX
:
SSE :
FT100
Indonesia Stock Exchange
Stock Exchange of Thailand
Singapore Exchanges
Dow Jones
Shanghai Stock Exchange
2007
2008
KRX :
BM :
TSE :
: Hong
2009
Korea Exchanges
Bursa Malaysia
Tokyo Stock Exchange
Kong Exchanges DJI
BSE : Bombai Stock Exchange
: London Stock Exchange
Change
*) 11 November
2011

43. Source : CEIC & Bloomberg

44. October 2011
SSE
18.68%
HKEX
17.09%
ASX
9.63%
BSE
9.22%
TSE
24.66%
KRX
7.68%
PSE
1.19%
SET
1.88%
IDX
2.79%
BM
2.91%
SGX
4.26%
Source: World Federation of Exchanges
IDX : Indonesia Stock Exchange
KRX : Korea Exchange
SET : Stock Exchange of Thailand
BM : Bursa Malaysia
SGX : Singapore Exchanges
TSE : Tokyo Stock Exchange
HKEX
Hong Kong Exchanges
SSE : Shanghai Stock Exchange
BSE : Bombay Stock Exchange
ASX : Australia Stock Exchange
PSE : Philippine Stock Exchange
:

45. October 2011
TSE
: Tokyo Stock Exchange
SSE
: Shanghai Stock Exchange
HKEX : Hong Kong Exchanges
3,428
BSE
ASX
: Singapore Exchanges
BM
: Bursa Malaysia
IDX
1,339
: Korea Exchanges
SGX
2,375
: Australia Stock Exchange
KRX
2,597
: Bombay Stock Exchange
: Indonesia Stock
Exchange
1,281
SET
1,068
: Stock Exchange of
Thailand
592
405
TSE
SSE
HKEX
ASX
Source: World Federation of Exchanges
BSE
KRX
SGX
BM
PSE
: Philippine Stock Exchange
388
IDX
261
SET
165
PSE

46. 1) Equity Trading Only 2) Includes: 2 ETFs
3) 11 November 2011

47. Challenges
1.Improving the System, Technology and
Infrastructure : Identity
Single Investor
Straight Through Processing
Data Warehouse
Increase trading capacity
Investor Protection Funds
2. Increasing Market Capitalization :
Next? Target market capitalization of USD 750 billion
by 2015.
 New listed companies and products
3. Increasing the Liquidity :
2.3 million registered domestic investors by 2012 from < 400 thousands
now