The management of the Indonesia Stock Exchange (IDX) targets 35 companies to launch IPO and listed at IDX in 2018. IDX also targets average daily transaction to grow by 16% to Rp9 trillion next year. The investment grade rating from Standard and Poor’s rating agency have boosted the investment appetite in local stock market this year. New listed shares this year also support the market gain. While better earning growth reported by some companies for the third quarter (Q3) this year also confirmed the persistent improving domestic economy. More credible budget management by the Government also gives positive sentiment to stock market.
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