Good News From OJK, Wimboh Says The Number Of Capital Market Investors Increases By 96 Percent And The Majority Of Millennials

JAKARTA - The Financial Services Authority (OJK) stated that during the COVID-19 pandemic the number of investors increased by 96 percent or 5.37 million or year on year (yoy). Meanwhile, most of them are millennial investors with an age range of 20 to 30 years.

Chairman of the OJK Board of Commissioners, Wimboh Santoso, said that most investors play in the retail sector. According to him, the increase in the number of investors is expected to help accelerate the national economic recovery during the COVID-19 pandemic.

As for the details, the number of young investors in 2020 is 3.88 million. Then it rose in April 2021 to 5.09 million. Meanwhile, in May it rose again and reached the highest achievement of 5.37 million.

"We understand that at this time the space for consumption is narrower so that millennials are more interested in addition to having their money deposited in the bank and trying to put it in the capital market," he said in a virtual discussion, Tuesday, July 6.

In the midst of the spread of COVID-19 which continues to soar, said Wimboh, several economic indicators show positive signals. He said the composite stock price index (JCI) was also at the level of Rp6,023.01 at the close of July 2, 2021.

"Indeed, it was not as big as in the beginning of last year, which had reached Rp. 3,200, this figure is still up 0.63 percent month to date or up 0.73 percent year to date, where in June 2021 there were net buy transactions of Rp. " he said.

Wimboh assessed that so far the activity in the capital market is still maintained. In fact, fundraising continues to show growth. As of June 29, 2021, it reached IDR 67.8 trillion from 68 public offerings, especially those sourced from the financial sector.

"This is a good phenomenon and needs to be maintained," he said.