Millennials, Gen Z Dominate Indonesia's Capital Market, Says IDX
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31 October 2023 19:07 WIB
TEMPO.CO, Jakarta - Director of Development of the Indonesia Stock Exchange or IDX, Jeffrey Hendrik, said millennials and Gen Z dominate individual investors in the country’s capital market reaching 80 percent.
“80 percent of investors are young people, millennials and Gen Z, those under 40 years old,” Jeffrey said at the launch of the Idxchannel e-book titled Invested at the IDX’s Main Hall, on Tuesday, Oct. 31.
He believed that 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,” he added.
In terms of market capitalization, Jeffrey said it was only about 7,000 trillion and is now reaching 10,300 trillion. “This means that the capital market will continue to grow, and the world has confidence in it,” he said.
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 Oct. 27.
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.
DEFARA DHANYA PARAMITHA
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