Indonesia Stock Exchange (IDX) development director Nicky Hogan said the IDX has set a target to list 630,000 Single Investor Identification (SID).
“By the end of this year [the number of investors] is expected to reach 630,000,” Nicky said at the IDX Gallery on Tuesday, November 21.
Nicky revealed that the figure has reached 613,000 investors to this date. The investors are dominated by those in the age group of 20-30 years old, that account for 30 percent of the total figure.
Since the IDX’s stock program was rolled out in 2015, the number of investors increased by almost 200,000.
“The number increase by almost 50 percent. In addition, the number of investors actively involved in transactions on a monthly basis increased to 100,000 from last year’s 78,000,” he said.
In order to boost the figure further, the IDX has crafted a follow-up program for universities and stock issuers.
“We will also launch a stock investment program for villages,” Nicky added.
To this date, Nicky revealed, more than 310 universities have been invited to join the partnership.