Portfolio investors grow at five-year high

KSEI director Supranoto Prajogo said that 73.61% of the investors had opened their accounts through fintech selling agents. “Therefore, digital platforms have become a means that many investors use to invest in the stock market,” he said.

JAKARTA: Indonesian portfolio investor numbers grew at a five-year high in 2021, as housebound millennials and Generation Zers flocked to the market, facilitated by fintech apps, latest Indonesian Central Securities Depository (KSEI) data show.

The KSEI reported that the total number of portfolio investors – indicated by the number of single investor identities (SIDs) – reached 7.35 million as of Dec 17, marking an increase of 89.58% from last year.