Hanza Bachtiar joined the stock market two months ago. He is the first person in his family to own stocks. The 24-year-old dubbed himself as part of the “Coronial”, which is short for “Corona Millennials”—those under the age of 40 under the age of 40 Millennial Investors Statistics Indonesia (BPS) defines millennials as those born between 1981 and 1996 (ages 25-40). For the purpose of this story, the term millennial investors is broadly used to refer to investors under 40. who entered the market during the pandemic.
How rookie millennial investors are maturing Indonesia’s stock market
Millennial investors have pretty much taken over the stock market overnight, with daily average retail trading hitting 70% of all trading last month. The social media-driven gen is tipping the market over, making it more volatile and investor-friendly, all at once
Millennials investors made up over 70% of around 600,000 new retail investors entering the Indonesia Stock Exchange (IDX) last year
Brokerages benefited from the boon—with Indo Premier Sekuritas seeing over 200,000 new accounts on its platform in 2020
While social media influencers are contributing to this retail boom, much greater cultural shifts are taking place
As the millennial population continues to grow, the market will no longer be the same