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Jakarta Post

Bandwagoning is (really) a thing now

  • Jason Wijaya


Jakarta   /   Thu, September 24 2020   /  01:00 am
Tickers display stock prices inside the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Thursday, April 18, 2019. With Indonesian President Joko Widodo on course to win a second term as leader, the political uncertainty that's weighed on the economy this year will be lifted. (Bloomberg/Dimas Ardian)

Brandon has been staring at the monitor for hours, skipping his lunch break, apparently taking part in a webinar on stock investing. “I am considering equity investment. But isn’t it risky amid this economic slowdown?” “Try it anyway. But proceed with caution,” I replied.  Brandon, a 25-year-old entrepreneur, is actually a late-comer to the Indonesian equity market.  The economy may be heading south, but many individuals with money to spare have been looking for opportunities, including shares at bargain prices, during the COVID-19 pandemic. And with time to spare too, newbies are learning how to play the game. The Indonesia Central Securities Depository reported that the number of single investor identifications (SIDs), an investor identity number used for trading securities, rose by 530,000 to 3 million, an increase of nearly 22 perce...