A Stock Transactions in Papua Reaches 4.8 Trillion

goodmorningpapua.com – Investors of stock in Eastern Indonesia get growth. The Representative Office of the Indonesia Stock Exchange (IDX) for the Provinces of Papua and West Papua said that the active stock market participants in Bumi Cenderawasih have now reached 2,540 investors.

“Then the total transactions from January to June 2021 for the Papua and West Papua regions reached Rp. 4.8 trillion,” said a  Head of the IDX Representative Office for Papua and West Papua Provinces, Kresna A. Payokwa in Jayapura.

He conveyed, the average monthly transaction in Papua and West Papua can reach Rp.813 billion with an inclusion rate of 70%. Furthermore, investors in Papua by age group are divided into 28% 41-100 years old, 38% 31-40 years old and 34% 26-30 years old.

He explained that the job profile of investors in Papua is still dominated by 36 percent of students, 28 percent of private employees and 12 percent of civil servants. Despite being in the middle of the Covid-19 pandemic, he continued, IDX has carried out 125 capital market education activities, of which 95% were held in online.

He added that now there are 15 IDX Investment Galleries in Papua and West Papua, where as of June 2021 the process of three Educational Investment Galleries (for SMA).

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Previously, the Financial Services Authority (OJK) of the Provinces of Papua and West Papua claimed that the ownership of the Bumi Cenderawasih community in the midst of the spread of the Covid-19 pandemic actually stretched and increased.

A Head of the OJK Papua and West Papua Provinces, Adolf Fictor Tunggul Simanjuntak, once said that this condition was reflected in the stock ownership of investors growing up to double digits.

“Based on data from the Financial Services Authority (OJK) as of July 2020, the value of investor ownership in Papua reached Rp. 54%,” he said.

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