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Jakarta Post

IDX sets modest 2021 goals, expects lingering economic turbulence

  • Riska Rahman

    The Jakarta Post

Jakarta   /   Wed, December 2, 2020   /  02:39 pm
The Jakarta Post Image
Employees pass a screen displaying share prices at the Indonesia Stock Exchange (IDX) building in Jakarta on March 11.(Antara/Galih Pradipta)

The Indonesia Stock Exchange (IDX) is setting moderate targets for 2021, despite aggressive growth in new retail investors, daily average turnover and initial public offerings (IPOs) this year, in expectation of continuing economic fallout from the COVID-19 pandemic. IDX president director Inarno Djajadi said on Tuesday that the bourse aimed to increase the number of new retail investors by 22 percent next year, lower than the growth recorded so far this year. As of Nov. 19, the Indonesian Central Securities Depository (KSEI) had recorded a 42.19 percent increase in retail investors to 3.53 million. “The work-from-home order has encouraged people to try investing their funds in the capital market, so we believe the number of investors can increase further next year,” Inarno said during a virtual press event. “However, this pandemic is not over yet so we need to be...