Ahmedabad Wealth Management：The Indian stock market ＂opens＂ and reached a new high, Indonesia followed closely

Looking at the global major stock market performance in 2023, the United States, Japan, France, Germany, India and other countries have reached a record high.

Among them, the Indian stock market was afraid of the Federal Reserve ’s interest rate hikes and the Russian -Ukraine conflict, and the“ opening ”directly set a record for eight -year rising. The Indonesian stock market was unwilling to show weakness, and it rose for a new high for three consecutive years.

Entering 2024, the stock markets of these two emerging countries continued their strong trend, and there was no trend of "high altitudes".

"Two India" stock markets have a new high

On March 7, Beijing time, the Indian stock market ushered in a new breakthrough.As of the close of the day, the Indian Sensex30 Index closed up 0.05%to close 74119.39 points, which continued to reach a record high.

In addition, the Nifty50 Index composed of the 50 most important stocks in the Indian State Stock Exchange (NSE) has also continued to stand on a new high.

Benefiting from the booming overall stock market, the market value of the Indian stock market has also come all the way to the global platform.An analyst at Jefferies, USA, said a report released last month that the current market value of the Indian stock market is about $ 4.3 trillion, which is the fifth largest stock market in the world.Over the past 20 years, the annual return of the Indian stock market has remained at 10%.

According to Wind quoting World Bank data, the total market value of the Indian stock market at the end of 2022 was 3.6 trillion US dollars.That is, for more than a year, the total market value of the Indian stock market has increased by about 700 billion US dollars, equivalent to about 5 trillion yuan.

The Indonesian stock market's performance in recent days was also quite stunning. On March 7, the Indonesian Jakarta Comprehensive Index rose 0.6%to 7373.96 points, exceeding the historical peak of the close of the stock in January.

The Indonesian stock market has attracted a large amount of funds in the past three months. Wind data shows that in December 2023, January 2024, and February 2024, the net inflow of the Indonesian stock market funds was US $ 497 million, US $ 534 million and $ 650 million, respectively.

Data show that as of the end of 2023, the total market value of the Indonesian exchanges reached US $ 712.3 billion, and its scale ranked first among ASEAN emerging markets.In terms of market structure, the top ten market value companies account for nearly 50%of the overall stock market value, and the industry concentration is generally high.

"Two Indins" Economic Power

The performance of the "two seals" stock market is so strongAhmedabad Wealth Management. Behind the two countries, the profitability of listed companies in the two countries is continuous and expected, which is closely related to the long -term stable growth of the economy.

As one of the two emerging countries in the world, India and Indonesia's economic growth has been accelerated under the re -enables of the global industrial chain and its domestic policy changes.

In recent years, India has become the fastest economic growth in the world.India has a dividend and has a huge potential for the industrial chain. To this end, the Modi government actively attracts large companies to invest and invests in the infrastructure of billions of dollars to upgrade, which has stimulated the growth of Indian economy.

According to data recently released by the Indian government, India ’s GDP (GDP) in the fourth quarter of 2023 increased by 8.4%year -on -year, higher than 6.6%of the previous market expected.The previously released GDP in 2023 increased by 7.6%, which also significantly exceeded the forecast value of Indian Reserve Bank (central bank).

At the same time, in recent years, the Indian government has continued to carry out a strong reform in the financial market, pay attention to investor protection and investment and financing balance, steadily promote the opening of the financial market to the outside world, and attracts a large number of foreign investment.New Delhi Stock Exchange

Earlier reports mentioned that since 2023, the Indian market has rebounded strongly since April, mainly due to the inflow of foreign capital.From the perspective of investor structure, foreign investment in India has the highest proportion.From the perspective of market value distribution of NSE, foreign capital accounts for 37.10%.

Indonesia is a large population country with abundant labor resources. In 2022, the population scale reached 276 million.At the same time, Indonesia is also the largest economy in Southeast Asia, and its resource endowment has a significant advantage.Jaipur Investment

In recent years, Indonesia has continued to promote the "downstream" of the industry, and has vigorously attracted foreign capital to enhance the manufacturing strength.Among them, a report issued by the University of Brisboris and Mumbai, a report, showed that last year, India's total investment in the Asia -Pacific region was close to $ 20 billion, an increase of 37%.Among them, Indonesia is the largest single -receiving country with a receiving amount of about $ 7.3 billion.

In the past few years, Indonesia's economic growth center has remained at 5%-6%.Earlier this year, Indonesian officials released signals from different channels, predicting that the country's economic growth in 2024 will reach 5.2%.From the perspective of multiple potential potential, Indonesia is also the development of the Indian family that cannot be ignored in the world, and it may become the next "king bombing" of the world economy.

CITIC Securities stated in the research report that in terms of the stock market, it continues to be optimistic about the configuration value of the Indonesian market. It is recommended that focusing on consumption, financial and real estate sectors.