Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
weather-icon
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon

    Wed

    26℃ - 32℃

  • weather-icon

    Thu

    25℃ - 32℃

  • weather-icon

    Fri

    25℃ - 31℃

  • weather-icon

    Sat

    26℃ - 30℃

Millennials rule over Indonesian stock market as foreigners flee

  • Harry Suhartono

    Bloomberg

Jakarta | Fri, November 23, 2018 | 09:27 am
Millennials rule over Indonesian stock market as foreigners flee People aged between 21 and 30 are the biggest group of investors in Indonesian equities, data from the nation’s stock exchange show. (Shutterstock/File)

For the second year running, people aged between 21 and 30 are the biggest group of investors in Indonesian equities, data from the nation’s stock exchange show. A campaign last year to hold contests and pop concerts on the trading floor of the bourse has helped boost the number of retail investors by 40 percent to more than 1.5 million participants since November 2017, according to the Central Securities Depository, an arm of the Indonesia Stock Exchange.

People in their 20s represented more than 34 percent of all retail investors in October from 26 percent in November last year. The next largest group were 31- to 40-year-olds, making up a quarter of retail investors, while those in their 40s accounted for 23 percent.

Still, participation of individual investors in Indonesia is among the lowest among Asian countries -- they made up 41 percent of total turnover on their exchange last year, compared with more than 80 percent in Taiwan and 59 percent in Thailand. Barely 1 percent of Indonesia’s 260 million people are registered as stock investors.

And although the latest statistics are positive news for Indonesian equities, offshore investors are set to post a record net outflow, reaching almost $3.3 billion this year, after $2.96 billion in withdrawals in 2017. The Jakarta Composite Index is down 6.1 percent since December, on track for its first annual decline in three years.

People in their 20s represented more than 34 percent of all retail investors in October from 26 percent in November last year. People in their 20s represented more than 34 percent of all retail investors in October from 26 percent in November last year. (Bloomberg/File)

Join the discussions