Young investors make up majority in Indonesia's stock market

JAKARTA, Aug. 11 (Xinhua) -- More than half of Indonesia's individual stock market investors are under 30, the Financial Services Authority (OJK) said Monday.

As of Aug. 8, the total number of individual investors had reached about 17.57 million, up 2.7 million, or 18.15 percent, from a year earlier.

"The addition of 2.7 million new investors exceeds the annual target of 2 million investors," said Aditya Jayantana, OJK's deputy commissioner for supervision of issuers, securities transactions, and special inspections, at a press conference at the Indonesian Stock Exchange (IDX).

OJK data show that 54.25 percent of investors are under 30, 24.81 percent are aged 31-40, 12.25 percent are 41-50, 5.74 percent are 51-60, and 2.95 percent are over 60.

Jayantana said investor growth has surged since the COVID-19 pandemic.

The IDX is the country's sole stock exchange, offering trading in stocks, bonds, derivatives, and other securities. ■