President Jokowi Kicks Off First Trading Day for 2022

President Joko “Jokowi” Widodo Monday (01/03) officially opens this year’s stock trading at the Indonesia Stock Exchange (IDX). Photo by: BPMI of Presidential Secretariat

President Joko “Jokowi” Widodo Monday (01/03) officially opened this year’s stock trading at the Indonesia Stock Exchange (IDX).

“Chairperson of the OJK has pointed out there was an increase in the Indonesian Composite Index (IHSG) in 2021 with a return of 10.1 percent. This is a relatively high number,” the President said in his remarks.

The increase, the President added, is higher than that of several countries in Southeast Asia.

“Compared to the Philippines, Malaysia, or Singapore, we fared better. (The return growth) of Singapore was 9.8 (percent), Malaysia was 3.7 (percent), the Philippines was minus 0.2 percent, and ours was 10.1 percent. We should also be grateful for this,” he said.

On that occasion, the Head of State also mentioned a “very high” increase in the number of investors joining the capital market, including retail investors from the younger generation.

“In 2017, Chairperson of the OJK said that we recorded 1.1 million (investors) and today the number of investors reached 7.4 million, mainly retail investors from younger generations, millennials, and Gen Z,” the President said, while expressing hope that stock trading will continue to grow to bring impacts on the national economic growth.

“We hope that (the stock exchange) will continue to grow and boost our country’s economic growth,” the President remarked. (TGH/UN)(RI/EP)