Airlangga Says The Prospect Of The Indonesian Capital Market Is Still Bright Supported By The Young Generation

Coordinating Minister for Economic Affairs Airlangga Hartarto. (Photo: Doc. ANTARA)

Coordinating Minister for Economic Affairs Airlangga Hartarto said that along with Indonesia's economic growth which remains strong in the midst of global economic turmoil, Indonesia's capital market throughout 2023 has also shown a strong performance.

Based on data from the Indonesia Stock Exchange (IDX), the growth of the Composite Stock Price Index (JCI) in 2023 reached 6.16 percent, which closed at the level of 7,272.79. This positive performance has brought the JCI to second place on the ASEAN exchange.

Airlangga said that Indonesian capital market investors are currently dominated by the younger generation, as reflected in data from PT Kustodian Sentral Efek Indonesia (KSEI) which recorded that the number of investors increased to 12 million total investors, of which 79 percent were still under 40 years old.

"This increase will certainly develop along with the rapid development of digital technology in Indonesia," said Airlangga in his remarks at the "Modal Market Goes to Young Generation", Monday, January 15, 2024.

According to Airlangga, this also shows the prospect of Indonesia's capital market in the future which is still very promising.

Indonesia's capital market capital capital capitalization value in 2023 has also increased, namely Rp11,674 trillion or grew by 22.9 percent from the previous year. This value recorded the IDX at the highest ranking on the ASEAN exchange with the largest market capitalization.

"Various securities exchange achievements are expected to increase even greater optimism for capital market players and the wider community," he said.

The success of Indonesia's capital market performance cannot be separated from the synergy of all stakeholders (stakeholders) and related institutions. The government continues to facilitate access to the capital market and seeks to attract public interest, especially the younger generation, through the use of digital platforms.

In attracting public interest or participation in the capital market, knowledge related to the capital market is needed, which will affect the quality of decision making in investing in the capital market.

Based on the results of the 2022 National Literacy and Financial Inclusion Survey with 14,000 respondents in 34 provinces in Indonesia, it can be seen that the literacy level in the capital market sub-sector still needs to be increased.

The government's efforts are by inclusion the capital market with the 'Modal Market Goes to Young Generation' activities for students and students throughout Indonesia. And it is hoped that this will be a step to introduce the capital market to the public, especially academics. The knowledge conveyed by the resource persons is expected by the public to understand and be able to make investment decisions," explained Airlangga.