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The Jakarta Post
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IDX targets 110,000 new investors in 2017

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Tue, February 14, 2017 | 05:59 pm
IDX targets 110,000 new investors in 2017 A trading floor of the Indonesia Stock Exchange (IDX) building. (JP/Wienda Parwitasari)

The Indonesia Stock Exchange (IDX) has set a target to attract 110,000 new investors by the end of 2017, a 20 percent increase from the 540,000 investors recorded late last year.

The target was similar to last year's number, which stood at 100,000 people, said IDX director Nicky Hogan on Tuesday.

“The new investors are expected to come from young people. Some 80 percent of last year’s additional investors were aged between 20 years and 40 years,” Nicky said.

(Read also: IDX mulls changing pre-closing trading rule)

Part of the effort to reach the target would include the establishment of 60 investment galleries in universities across the country by the end of 2017, Nicky said, adding that it would add to the 241 existing galleries, 85 of which were established last year.

In cooperation with a securities company, Phillip Securities, the IDX on Tuesday inaugurated the first gallery at Nusantara Multimedia University in Tangerang, Banten.

“The gallery is expected to help invite some 100 new investors a year,” Nicky said, adding that similar galleries will soon be established in Probolinggo, East Java, and Pidie, Aceh.

Other efforts to attract investors included the organizing of seminars, workshops and forum discussions as well as establishing stock exchange schools, particularly for corporations. (yon/bbn)

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