Record number of Indonesians rush into stock market – Business


Eisya A. Eloksari (The Jakarta Post)

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Jakarta   ●  
Tue, September 7, 2021

The Indonesia Stock Exchange (IDX) announced on Thursday that the country welcomed more than 1 million new equity investors in the first eight months of the year, as shown by the number of new single investor identities (SIDs) in the stock market. That is almost twice the 590,658 stock market entrants registered over the whole of last year.

The additional investors brought the total number of Indonesian retail equity investors to 2.69 million as of August.

IDX president director Inarno Djajadi said the number of 1 million new investors was record-breaking in the 44 years the IDX has been operating since its revival in 1977.

“Digital optimization that started in 2019 […] as well as collaboration with many stakeholders […] are the main reasons for the rapid increase in new investors this year,” he said in a press statement.

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