This achievement is extraordinary and in the pipeline until the next few months. There are already 80 public offerings in the process with a total of Rp40.79 trillion.
Jakarta (ANTARA) - Investors under the age of 30 are dominating the capital market, with their number swelling by 99 percent to reach 6.1 million as of August 2021, the Financial Services Authority (OJK) has said.

"Retail investors continue to show enthusiasm with 6.1 million investors in August 2021, or there is a 99-percent increase (yoy) dominated by those who are under-30s," Head of the Board of Commissioners of OJK Wimboh Santoso said during a joint meeting with the House of Representatives here on Wednesday.

The driving factor behind the 99-percent increase in young investors were fewer opportunities for spending due to mobility restrictions, he said.

According to Santoso, the fewer opportunities to shop led people to divert their money to invest in stocks and other instruments in the capital market.

"We know that the spending space is getting narrower because of public activity restrictions (PPKM). Many are shifting their spending money by investing in stocks and other instruments in the capital market," he said.

Meanwhile, in terms of supply, the fund collection in the capital market as of August 31, 2021 stood at Rp257.9 trillion, or higher than last year when it was recorded at just Rp118 trillion, he said.

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The fund collection also included 35 new issuers who conducted IPOs in 2021, he pointed out.

"This achievement is extraordinary and in the pipeline until the next few months. There are already 80 public offerings in the process with a total of Rp40.79 trillion," Santoso said.

The figure can potentially increase although the financing and banking sides have not met the expectations, he said.

He said the reasons for not meeting the expectations were mobility restrictions and lower demand. However, the recorded rise in funds in the capital market was considered extraordinary, he added.

"This signals optimism. It especially signifies future investments in promising sectors. Many sectors are raising funds in the capital market related to digital startups. It is still popular and, of course, it is going to be a big business," he remarked.

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Translator: Astrid H, Kenzu T
Editor: Rahmad Nasution
Copyright © ANTARA 2021