~ Bloomberg Businessweek, "Mixing Markets, Faith, and Instagram: A celebrity preacher in Indonesia shows that meme stocks are a global phenomenon," July 19, 2021
Jul 18, 2021
Bloomberg Businessweek: retail investors account for 60% of trading on Indonesia's stock market
Like the U.S., Indonesia has seen a convergence of social media with a new interest in trading by small investors. Retail investors accounted for about a third of daily trading in Indonesia's stock market as of June 2020. A year later, that has almost doubled to 60%. About 80% of these people are 40 or younger.
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