IDX: Capital Market Development in Papua Runs into Positive Trend – The Indonesia Stock Exchange (IDX) stated that the development of the capital market in Papua experienced a positive trend. In the midst of the pandemic situation, it turns out that the interest of the Papuan people to invest is still quite large.

Head of the IDX Papua Representative Office, Kresna A. Payokwa, said that during January to May 2021, there were 8,247 additions of new capital market Single Investor Identity (SID), bringing the total capital market investors in Papua and West Papua on May 31, 2021 as many as 32,433 capital market investors.

“Meanwhile, at the end of December 2021, the number of capital market investors in Papua and West Papua was 18,936 investors or grew 76 percent,” he said, Thursday, July 8, 2021.

According to Kresna, for stock products up to May 31, 2021, there were 3,829 new stock investors added, bringing the total stock investors in Papua and West Papua to 13,927 investors, resulting in a 27 percent growth.

“This cannot be separated from the services of the capital market industry, which had already implemented online services for capital market transactions and investments, even long before the pandemic occurred,” he said.

He explained that it could be said that the capital market industry has indeed gone one step further in providing online capital market investment services, in which all stages of investment starting from educational services to potential investors, opening accounts in securities, purchasing capital market products such as stocks , mutual funds, bonds, or ETFs can be done by online.

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“We have been doing this for several years, so that when a pandemic occurs which requires social distancing, the infrastructure for online services is ready, the second thing is the implementation of PSBB and PPKM causing more people’s activities at home, and investment or trading activities in the capital market is one option to remain to be productive during the pandemic,” he said.

He added that to balance the high interest in investment with adequate investment knowledge, the Papua and West Papua Representative Offices continue to actively carry out online capital market education activities through zoom that can be followed by the general public, namely the education class of the Capital Market School and the Stock Learning Centre held regularly by online every week, where the implementation time is held in the afternoon so as not to interfere with community activities.

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