IDX Targets 64,483 New Investors in Solo Raya Capital Market

TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) targets the number of new investors in the capital market in Solo Raya for 2024 to reach 64,483 investors. In 2023, the IDX recorded a total of 239,744 investors in the capital market.

The Head of the IDX Office for Central Java 2, Muhammad Wira Adibrata, acknowledged that achieving the target number of new investors in the capital market this year is still very low compared to the achievements of other financial institutions.

"Our target in 2024 is 64 thousand new investors. We ask for support because we are still very low compared to other financial sectors such as banking, pawnshops, and others," said Wira to the media in Solo City, Central Java, on Wednesday, April 10, 2024.

However, Wira said he is optimistic that the target of adding new investors to the capital market this year will be achieved. Especially when considering the current high public interest in capital market investment instruments.

He mentioned that the data on capital market investor growth from 2022 to 2023 showed a very high increase. For stock investor growth in Solo Raya from 2022 to 2023, there was an increase of 18 percent from the original 94,783 investors to 112,030 investors.

As for the overall capital market investor growth, which includes stocks, bonds, and mutual funds, there was also an increase from 2022 to 2023, with the number rising from 208,666 investors to 239,744 investors.

"In 2023, there was an increase in capital market investors in all types of products by 15 percent, and for stock investors, the increase rate was above the average product with increases of 18 percent and 19 percent in Solo Raya and Area BEI Jateng 2, respectively. This shows that the interest of Solo Raya residents in investing in the capital market is increasing," he said.

However, he admitted that there was a significant decrease in transaction value of up to 30 percent in Solo Raya. From the data, the transaction value in 2022 was Rp 28.30 trillion but in 2023, it dropped to Rp 19.67 trillion.

In terms of monthly averages, it was recorded at Rp 2.36 trillion per month in 2022 but in 2023, it became Rp 1.63 trillion per month.

"Why the decrease? It's because in 2022, there was a very drastic economic recovery process from Covid, then it rose, and then the Russia-Ukraine war caused the coal sector to surge, so people spent a lot. In 2023, it started to normalize, so many people sold stocks to feel the profit," he explained.

Furthermore, he said that the momentum of the 2024 Election also impacted market transactions, where many investors chose to wait and see, resulting in a somewhat quiet market. However, he believes that this condition is normal. He is optimistic that after the election, transactions will increase again.

"It's normal; after the election, we are optimistic that transactions will increase again like the post-election graphs in previous years," he said.

He added that in 2023, the IDX Central Java 2 added several areas in East Java such as Magetan, Ngawi, Bojonegoro, Pacitan, Trenggalek, and Ponorogo. "This year, we will reach Madiun," he said.

SEPTIA RYANTHIE

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