Holiday Ayo - Bank Indonesia (BI) noted that during 3-6 June 2024 there was an inflow of foreign capital into the Indonesian financial market amounting to IDR 2.42 trillion. 

Foreign capital flows in through the BI Rupiah Securities (SRBI), but there is foreign capital that goes out through the stock market and Government Securities (SBN). 

Foreign funds entering through SRBI were recorded at IDR 4.53 trillion, but there were IDR 1.45 trillion leaving via the stock market and IDR 660 billion for SBN. 

“So based on transaction data from 3-6 June 2024, non-residents in the domestic financial market recorded a net purchase of IDR 2.42 trillion," said BI Communications Department Director Erwin Haryono as quoted by kompas.com, Saturday (8/6). 

Thus, based on settlement data up to June 6 2024 (year to date/ytd) a net purchase of IDR 52.94 trillion was recorded. 

This value consists of SRBI which experienced foreign capital inflow or net purchases of IDR 101.34 trillion. Meanwhile, on the stock market, there was an outflow of foreign capital or net selling of IDR 8.01 trillion, and on the SBN market there was a net selling of IDR 36.02 trillion. 

Along with foreign capital entering Indonesia this week, the investment risk premium or 5-year Indonesian credit default swaps (CDS) premium fell to the level of 70.50 bps as of June 6 2024 from the previous level of 71.18 bps as of May 31 2024. 

On the other hand, the 10-year SBN yield level was recorded to have fallen to 6.896 percent. Likewise, the yield on 10-year US debt securities fell to 4.287 percent. 

“BI continues to strengthen coordination with the government and related authorities, as well as optimize policy mix strategies to support the external resilience of the Indonesian economy," concluded Erwin.