IDX: Indonesians Have More Phones Than Stock Market Shares

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Laila Afifa

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  • TEMPO.CO, Jakarta - Indonesia Stock Exchange (IDX) Commissioner Pandu Patria Sjahrir on Thursday said a large portion of Indonesians do not invest their funds in the stock market as there is only 3 million or one percent of people who do.

    “Indonesians have more mobile phones than stock market shares,” said Pandu in today’s virtual discussion held by IDN Times, August 6

    Meanwhile, Pandu said that in the United States, one out of four people has invested in the stock market. He argued that Indonesia’s ideal statistic must see at least 10 percent of shareholders compared to the total population of 267 million people. 

    He believed the current crisis that people face should be used as a momentum to start investing. 

    “Mutual funds are pretty good, why not. People say cash is king. In crises like this, it is best to purchase something by investing to create value,” said Pandu Patria Sjahrir.

    The IDX commissioner suggested purchasing blue-chip shares for those who are interested to start, such as in telecommunication, culinary, and transportation companies. 

    Read: Covid-19 Pandemic, IDX: More Investors Coming

    FRANCISCA CHRISTY ROSANA