Capital market contributed 50% of Indonesia’s GDP in 2022
JAKARTA. The Financial Services Authority (OJK) recorded 1.31 million times of daily transactions in the capital market throughout 2022, bringing the market capitalisation to IDR 9,500 trillion or USD 600 billion. According to Mahendra Siregar, Head of Board of Commissioners of OJK, it makes up 50% of Indonesia’s Gross Domestic Product (GDP).
Said frequency of daily transactions coincides with the increasing number of single investor identification (SID) throughout 2022, which rose 37.53% year-on-year (yoy) to 10.3 million investors. Within the past 5 years, generation Z and millennial investors have dominated the investment scene, making up 58.7% of total investors. “This is interesting; domestic investors dominate 55% of total investors, while millennials and zillennials make up 58.7% of investors. It is a marvellous achievement,” Siregar further added during the ceremony of the opening of stock trading activities in 2023 in Indonesia Stock Exchange (IDX) earlier today (2/1).
For the next step, Siregar said that OJK will prioritise the enhancement of integrity, accountability, and credibility of these investors to drive the growth of domestic investors, which are said to possess great prospects.
The recovery of domestic economic situation allows fundraising activities in the capital market to continue to triumph and prosper. Until December 29, 2022, OJK had issued effective statements for 224 public offering submissions, consisting of 57 of initial public offerings (IPO), 44 limited public offerings, 123 public offerings for bonds and/or sukuk with total proceeds of IDR 266.41 trillion. (AM/ZH)