REPUBLIKA.CO.ID, YOGYAKARTA -- The Yogyakarta representative office of the Indonesian Stock Exchange (BEI) recorded a significant increase in the number of investors to 28,312 in August 2017 up from 20,320 investors a year earlier.

"The Investment Gallery has been effective in drawing more investors to venturing in stock market," head of the Yogyakarta representative office of BEI Irfan Noor Riza said here on Sunday.

The frequency of transactions also increased reaching Rp950 billion in value in August, 2017 from only Rp376 billion in value in the same months last year, Irfan said.

The Yogyakarta representative of the BEI, therefore, planned to open more investment galleries in high learning institutes in the special district of Yogyakarta to improve the people's literacy about stock market among students and academicians, he said.

Irfan said currently investment galleries are already opened 33 high learning institutes in Yogyakarta, adding from early 2017 to August 2017, BEI already opened new investment galleries in three universities in Yogyakarta.

He said he is optimistic stock market in Yogyakarta would grow and more local people would be more literate about stock market.

"Our spirit is to improve the people's literacy about stock market that there would be less people falling victim of false investment," he added.

The increase in the number of investors indicates success in the program of education and socialization by BEI in Yogyakarta about the benefit of investing in stock market, he said.

This year, the BEI representative would even open investment galleries in rural areas to support the program of "Desa Nabung Saham" (villages saving in shares) in Yogyakarta, he said.

Rural Investment Gallery would be the main facility to support implementation of the program of Desa Nabung Saham. In Yogyakarta, the Desa Nabung Saham program would start in a most isolated village of Mertelu, sub-district of Gedangsari, regency of Gunung Kidul.

By opening investment gallery in rural areas, Irfan hopes that more rural people become literate about stock market that they would not be easily cheated into putting their money in false investment.

"Currently we are preparing infrastructure while launching socialization in rural areas about the program," Irfan said.

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