Speaking at the launch of the Idxchannel e-book, titled “Invested” at the Indonesia Stock Exchange’s Main Hall, on Tuesday (31/10/23,) Jeffrey Hendrik, Director of Development of the Indonesia Stock Exchange (IDX,) said millennials and Gen Z dominate individual investors in the country’s capital market reaching 80-percent, according to reporting from Tempo.
“80-percent of investors are young people, millennials and Gen Z, those under 40-years old,” Jeffrey said, adding that he believed the Indonesian capital market would continue to grow amid all the dynamics. “The number of investors has grown fivefold in the last five years. Five years ago, it was only around two million, now it is almost 12-million.”
In terms of market capitalization, Jeffrey said it was only about IDR 7,000-trillion and is now reaching IDR 10,300-trillion. “This means that the capital market will continue to grow, and the world has confidence in it,” he said.
Tempo report that this growth inspired IDX to launch a new campaign dubbed ‘Aku Investor Saham’ which translates to ‘I am a stock investor’ on August 10, 2023, in a bid to boost pride and optimism and invite more Indonesians, especially young people, to actively participate in the country’s capital market.
“So that as many young people as possible can enjoy this growth,” said Jeffrey.
The Indonesian Central Securities Depository (KSEI) President Director, Samsul Hidayat, said earlier that the capital market has logged steady growth in recent years. “The number of investors registered with KSEI based on single investor identification (SID) has reached 11.72 million as of September 2023,” he said in an official statement on Friday (27/10/23.)
Samsul said the number grew by 13.76-percent from last year’s 10.31-million investors. Of the number, 5.02-million are stock investors, 10.99-million are mutual fund investors, and 959,000 are government securities (SBN) investors, say Tempo.
Source: Tempo
Stock photo by Ruben Sukatendel on Unsplash
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