Locals dominated 10 million registered investors
JAKARTA. Until November 3, 2022, Indonesia Central Securities Depository (lit. Kustodian Sentral Efek Indonesia/KSEI) recorded the total investors in the capital market to have reached 10,000,628 individuals, based on the number of their single investor identifications (SID). Approximately 99.78% of them came from within the country, which means that the number of local investors has increased 33.53% from 7,489,337 SID in late 2021.
In the official announcement issued today (21/11), Uriep Budhi Prasetyo, President Director of KSEI, hopes that these abundant local investors may provide some level of resilience for Indonesia’s capital market should any global issues arrive. According to Prasetyo, the simplification of security account opening process managed to attract more investors in the capital market, particularly during the COVID-19 pandemic. It was signified by the drastic growth rate of investors that reached over 100% from 2020 to 2021.
Most of the investors placed their money in mutual funds, and the number of these investors significantly rose 36.04% (year-on-year/yoy) to 9.3 million people until November 3, 2022. Then, it was further revealed that 80% of them came from selling agent financial technology (fintech) accounts, 99.9% of which are managed by local individual investors.
Rasmi M. Ramyakin, Head of the Corporate Secretary, Communication, and Education Division of KSEI, also highlighted that 59% the capital market investors are individuals of less than 30 years of age, who have collective assets of over IDR 54 trillion. Meanwhile, based on their education, individuals with high school diploma have dominated over 60% of total investors, scoring total assets of over IDR 200 trillion. (AM/ZH)