Indosat Ooredoo Capture 10,000 Prospective Competent Investors in the Capital Market

4 April 2017 23:05

5 Min Read

Indonesian people’s interest to participate as investors in the capital market or the stock exchange is fairly minimal. Based on the data presented by the Indonesia stock Exchange (BEI), from the total 250 million Indonesian population, only 529.257 people who already participate in the stock exchange or less than 1 percent.

Through Corporate Social Responsibility (CSR) program, Indosat Ooredoo wants to cultivate the interest of the people of Indonesia, especially the younger generation to participate in the Indonesia stock exchange to maximize the benefits of the digital world. The company created the program entitled ISTC (Indosat Ooredoo Stock Trading Contest) which is included in the pillars of Education and Innovation.

The Program was organized to increase the number of competent investors in the Indonesian capital market. In the second year of implementation, this program managed to attract 10,000 participants from all over Indonesia. In the transaction, the participants of the ISTC using mobile apps to transact in the virtual with the real-time data from Indonesia Stock Exchange (IDX). The application is the result of cooperation Indosat Ooredoo with BEI and Trimegah Securities.

President Director & CEO Indosat, Alexander Rusli said that while second time organizing the ISTC, he was very happy due to an increase in participants of around 8,000 people last year, has now become 10,000 people. “That is an increase of interest from the younger generation to plunge into the world capital market. See the enthusiasm of the participants, we believe that ISTC is one of the programs that could make Indonesia as one of the largest economies in Asia,” said Alex during a press conference at the headquarters of PT Indosat, Jakarta (4/3).

Six best participants of Indosat Ooredoo Stock Trading Contest (ISTC) 2016 derived from several regions in Indonesia such as Jakarta, Malang, Yogyakarta, and Padang. The winners are judged based on several criteria, among others, the success of determining the appropriate investment strategy, rank (portfolio) the best, make plans to the future as investors, as well as input for the development of the Indonesian capital market. The winners get rewards in the form of cash prizes and investment capital.

“We want to instill to the young generation that the capital market it became one of the driving wheels of the Indonesian economy. By becoming active investors in the capital market, then indirectly we have helped the country’s economy,” said Alexander Rusli.

Meanwhile, the Development Director of the Indonesia Stock Exchange (IDX), Nicky Hogan said with the attractive performance of the Indonesia stock exchange in the last few years, are expected to increase the interest of the community to become investors in the IDX. The current number of capital market investors in Indonesia reached 564.952 single investor identification (SID).

IDX Data recorded up to the end of last week, the composite Stock Price Index (JCI) has climbed at 5.12% become 5.568,10 points from 5.296,71 points at the end of 2016. On Thursday (30/3), JCI had even touched the highest level in the establishment of the IDX on 5.592,95 points. The strengthening of the JCI is also followed by a market capitalization that grows 5,24% to Rp6.055,23 trillion from Rp5.753,61 trillion. The Level of market capitalization on Thursday (30/3) was the highest of all time, namely on the IDR 6.078 trillion.

The strengthening of the JCI is also followed by a market capitalization that grows 5,24% to IDR 6.055,23 trillion from IDR 5.753,61 trillion. The Level of market capitalization on Thursday (3/30) was the highest of all time, on the IDR 6.078 trillion.