Jakarta. The Indonesia Stock Exchange, also known as the IDX, has recorded 170,000 new investors as of January 2024.

According to IDX director for business development Jeffrey Hendrik, the elections have little to no impact on the growing number of investors. IDX has set a goal to attract 2 million new investors throughout 2024, regardless if the election concludes in just one round of voting or two rounds.

“The bourse already has its own agenda, so it should not be affected [by the election],” Jeffrey said in Jakarta on Monday, as reported by Beritasatu.

Jeffrey attributed the investor growth to the rising IDX Composite. According to Jeffrey, the IDX Composite grew by 6.16 percent throughout last year, putting it in second place in ASEAN just behind that of Vietnam. 

“Judging by the growth potential, coupled by its potential in 2024, many people are interested in becoming an investor in the capital market,” Jeffrey said.

Going forward, IDX is planning to ramp up its campaigns to get more people into becoming investors. The IDX to date has 29 representative offices and over 800 investment galleries spread across the archipelago to promote the exchange.