Capital Market In Riau Islands Grows To 185,796 Investors

Illustration (Photo: Doc. ANTARA)

The Riau Islands Financial Services Authority (OJK) noted that the capital market industry in this region grew by 18.63 percent (yoy) to 185,796 investors as of December 2023.

Head of OJK Kepri Rony Ukurta Barus in a statement received in Batam, Wednesday, said the growth in the number of stock investment accounts increased by 20.11 percent to 61,465 investors, followed by growth in the number of mutual fund investors' accounts by 17.13 percent to 112,963 investors, and growth in the number of SBN investors by 26.25 percent to 11,368 investors.

Meanwhile, in terms of value and year on year (yoy) share transactions decreased slightly, namely 23.48 percent to IDR 21.36 trillion.

"This is because the Riau Islands Province since 2022 has entered an endemic period after passing the COVID-19 outbreak, so people who previously invested their funds in the capital market are now moving to become consumptive or invest in the real sector many again," said Rony as quoted by ANTARA, Wednesday, March 20.

He explained that until now there are 5 open (emitent) companies headquartered in Riau Islands Province whose shares can be owned by the public.

In addition, there are 11 securities companies and 1 investment manager company, 19 Mutual Fund Effect Seller Agents (APERD), 5 investment galleries, and 4 educational investment galleries.

According to Rony, in the midst of relatively stable national economic performance, the condition of the Financial Services Industry (IJK) in Riau Islands Province until January 2024 remains stable by recording adequate positive liquidity growth and maintained risk profiles.

He said the Riau Islands economy in the 4th quarter of 2023 (yoy) grew by 4.45 percent.

"The growth in the quarter was driven by the construction category which had a growth contribution of 2.18 percent, followed by the manufacturing industry category with the largest growth contribution of 0.77 percent," he said.

Then the big trade and retail categories, car and motorcycle repair with a growth contribution of 0.46 percent, the administrative category of government, defense and compulsory social security with a growth contribution of 0.27 percent, and the mining and quarrying category with a growth contribution of 0.27 percent.

"The performance of the banking industry in Riau Islands Province is maintained with positive intermediation performance. Likewise, the capital market industry is growing rapidly in terms of investor increase. Meanwhile, the non-bank financial industry in Riau Islands Province is also increasing as reflected in financing growth," said Rony again.