Retail investors growing as brokerages intensify online access

first_img“With many people staying at home, working from home, and with some having their work, business and income disrupted, they begin to realize the need for investments,” Indo Premier Sekuritas president director Moleonoto told a livestreamed media briefing on Wednesday. Around 60 to 70 percent of Indo Premier’s transactions come from retail investors.Moleonoto added that Indo Premier especially aimed to increase the number of its retail customers in the upcoming year. In line with that target, the company has relaunched its mobile trading platform called IPOT to further tap into Indonesia’s growing number of smartphone users.The app is now equipped with new features that were previously only available on desktop platforms, such as a complete charting feature and a robo-trading feature that used to only be accessible to institutional investors.“Currently, around 70 percent of our stock transactions occur on the desktop platform. Hopefully, at least in the next two years, the proportion will be equal, and by the third year, the mobile platform should dominate against the desktop platform,” he said, adding that in the future, “mobile is everything”. Digital investment portal Tanamduit also reports that its total assets under management (AUM) for mutual fund products grew by 20 percent throughout the year, as of May 26, with a notable surge of fund placements from mid-April until the end of May. Tanamduit cofounder and managing director Rini Hapsari explained that until the end of May, the company’s AUM was recorded at Rp 430 billion, an increase of around 23 percent compared with the end of December last year. At the same time, the number of customers registering on its platform has increased by 31 percent to around 230,000 people, as reported in a press release published on May 29.   There had been a shift in the composition of AUM for its mutual fund products, Rini noted, in which stock market mutual funds increased to 42 percent by the end of May, from 25 percent by the end of last year. Money market mutual funds decreased to 48 percent from 58 percent.She attributed the shift to Tanamduit’s success in urging customers to take advantage of today’s low share prices as part of their long-term investments. The recent market rout that followed the outbreak of the novel coronavirus has sent global share prices to historic lows, including in the local bourse. Analysts have said that such market volatility will continue along with the progress of the pandemic.“Volatility in the capital market will always exist. As long as it can be managed, it should be okay,” Mirae Asset Sekuritas Indonesia head of research Hariyanto Wijaya told The Jakarta Post on Wednesday when asked about the recent uptick in investments from retail investors, despite the market volatility. He added that the current work-from-home policy had freed up time for people to trade, which contributed to the increase in retail investors’ trading activities. While some investors have no problem taking risks in the stock market, others are opting for government bonds as a safe haven and the government is trying to optimize this strong appetite. Government debt securities director Deni Ridwan of the Finance Ministry said that although the COVID-19 pandemic had depressed some people’s financial conditions, others were actually left with excess liquidity or growth in investable funds. This is especially true because their spending during Ramadan and Idul Fitri was relatively low, he added. The ministry has made a decision to issue retail government bonds (ORI) rather than saving bond retail (SBR) to meet market demand.“The change was made in accordance with suggestions from our stakeholders, especially from our distribution partners for retail SBN [government bonds], which indicated a preference from investors or potential investors for ORI,” Deni said in a text message. Investors still prefer to hold liquid assets as a precaution, hence ORI, which are readily tradable, are viewed as suitable investments in today’s market, Deni said. Initially, the issuance of SBR-010 was scheduled for between June 23 and July 9, according to the Finance Ministry’s issuance calendar.Editor’s note: This article has been revised to correctly mention that SBR refers to saving bond retail, not sharia-compliant retail sukuk.Topics : “The COVID-19 pandemic has inevitably changed people’s behavior to become more adaptive to technology, with the use of technology for investing being no exception,” Mandiri Sekuritas director Theodora VN Manik said in a written statement. The growing enthusiasm among retail investors is also evident in the participation rate the company has seen on its education platform. Mandiri Sekuritas has held around 70 classes, which have been followed by a total of more than 12,000 participants.Some 2.4 million people in the country were registered as individual investors as of the end of 2019, with nearly 45 percent of them aged 21 to 30 years old, according to single investor identification (SID) data from the Indonesian Central Securities Depository (KSEI).Indo Premier Sekuritas, which is also among the most active brokerages on the Indonesia Stock Exchange (IDX), is aiming for a 40 percent increase in customer numbers in the next year after seeing a monthly average of 200 to 300 new customers so far this year. The number of retail investors is rising as a result of growing awareness about the importance of investing, despite the market consensus that volatility will continue amid the COVID-19 pandemic. Mandiri Sekuritas, the country’s most active brokerage house by transaction value, booked 11,000 new customers in the retail segment during the first four months of the year. Currently, the company has more than 133,000 retail customers, of whom 90 percent invest online. Mandiri Sekuritas says the average transaction value for its retail customers almost doubled in April in comparison with the average value in January. last_img read more

Opponents of gay marriage have the right to air their views too

first_imgCourier Mail 16 March 2015We in the Australian Marriage Forum think the public debate on marriage needs to focus more on the rights of the child than the demands of adults. So we developed an advertising campaign, which is one way free citizens argue their case, and launched the first TV ad on Channels 7 and 9 in Sydney Saturday a week ago as the mardi gras parade got under way.We did that because the parade is a protest rally, and “marriage equality” is one of its themes. Our ad was a gentle counter-protest, pointing out that so-called “marriage equality” forces a child to miss out on a mother or a father and that’s not “equality” for the kids who miss out.Of course some kids already miss out on a mum or a dad, through the death or desertion of a parent, and many single parents I know do a remarkable job. But nobody wants a child to miss out. Laws for same-sex marriage make it impossible, ever, for a child to have both a mother and a father. Is that fair?SBS TV confirmed on February 17 that our ad would be shown during its telecast of the mardi gras parade. Then on the day before the parade, SBS announced they were not going to broadcast our ad, breaking their contract with no reason given.Is SBS an activist organisation or a neutral broadcaster? It had its own float in the parade and encouraged its employees to march. It broadcast hours of the mardi gras with its “marriage equality” float and other political themes, but banned our 30 second ad with its opposing viewpoint.This is censorship of free speech on a matter of public importance. SBS is funded by people on both sides of the marriage debate and has no right to use its power to silence the side it doesn’t like.http://www.couriermail.com.au/news/opinion/opinion-opponents-of-gay-marriage-have-the-right-to-air-their-views-too/story-fnihsr9v-1227263584255last_img read more

Jack Allen Pratchard

first_imgJack Allen Pratchard, 82, of Aurora, Indiana, passed away Friday April 3, 2020 in Lawrenceburg, IN.He was born April 13, 1937 in Cincinnati, OH, son of the late Lester Pratchard and Ruth (Frederick) Pratchard.Jack was very patriotic and was proud to have served his country in the United States Marines. He was the Owner/Operator of Jack’s Carpet Cleaning, retiring after over 12 years of service. He was a member of the Bible Baptist Church in Greendale, IN. He served as an usher at church and sang in the choir. Jack loved to hunt. He deer hunted for many years, but also hunted for duck, bear, rams, and elk. Jack had a great sense of humor and loved to be around people. He was a story teller and did not know a stranger. He will be missed by his family, many friends, and church family.Jack is survived by his loving spouse of 63 years, Nita (Collins) Pratchard; children, Jack Allen Pratchard of San Francisco, CA, John Lester Pratchard of Versailles, IN, Gena Lynn Shell of Aurora, IN, and Linda Diane Phelps (Fiancé, Tony Waldron) of Moores Hill, IN; grandchildren, Jason Pratchard, Erin Pratchard, Katie Pratchard, Steven Aldama, Sarah (Brian) Wilson, Lori Phelps, Rebecca (Brandon) McKnight, and Jake Shell; great grandchildren, Candice, Lana, Kaden, Layla, Ryleigh, Reese, Riann, Ruby, Blaze, Cali, Journi, and Caiden, and several nieces and nephews.He was preceded in death by parents, Lester Pratchard, Ruth (Frederick) Pratchard, Grandson, Justin Pratchard, 3 sisters, 1 brother.Private services will be held by his loving family due to the Corona Virus. Interment will follow in the River View Cemetery, Aurora, Indiana. Contributions may be made to the Bible Baptist Church or the Charity of Donor’s Choice. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Due to the current situation dealing with COVID-19, we are following the directives from Governor Holcomb and the Centers for Disease Control and Prevention concerning large events and mass gatherings. The family deeply appreciates the support and love shown from friends, but the health and well being of everyone in our community is of top priority.Alternative ways to express your condolences can be done by going online at our website and leaving the family a message, sending a card, flowers, or making a donation in memory of their loved one.Our prayers go out to all of the health care community and those affected by COVID-19.Visit: www.rullmans.comlast_img read more

Transgender woman shot and killed in Pompano Beach

first_imgA transgender woman was shot and killed Friday night in Pompano Beach just after 10 PM. Police are searching for the shooter.Cameron Breon was found shot at 244 N.W. 12th Street in Pompano Beach. She was pronounced dead at the scene.Deputies have not released a description of the shooter.Anyone with information regarding this case is asked to contact Det. Louis Bonhomme at 954-321-4377. If you wish to remain anonymous, contact Broward Crime Stoppers at 954-493-TIPS (8477) or online at browardcrimestoppers.org.last_img read more

It is tougher to handle success than failure: Venkata Sai Laxman

first_imgMumbai: Celebrated former Indian cricketer Vangipurapu Venkata Sai Laxman, whose biography is titled “281 and beyond”, says that dealing with success is much tougher than failure and that is why it is important to have a strong support system in the form of coaches, friends and family to sustain a long sports career.During an interactive session on Thursday night with noted sports commentator Harsha Bhogle, the former right-hand batsman opened up on his emotional roller-costar rider during his cricketing career.About what made him openly talk about depression in one of the chapters titled “Of Laughter and Loneliness” in the book, Laxman said: “It is tougher to handle success than failure. In India, if you are successful, you get carried away very easily. If you are going through a bad patch, you get support and you work hard to bounce back. That’s why having a support system is crucial in such a situation.”“We are not taught how to handle success. I have seen a lot of talented players, who unfortunately do not have the support system, soon drift away. That not only happens because of how they are dealing with failure but also the success,” said the cricketer who created history by scoring 281 runs against Australia in Eden Gardens in 2001 after India trailed by 274 runs in the first innings.It’s was rated as the greatest Test performance of the last 50 years by fellow-players, commentators and journalists in a poll conducted by ESPN’s Cricket Monthly digital magazine.Thanking his family and friends the ‘non-regular’ opener said: “A sportsman cannot sustain a long career without a strong support system. I am therefore really fortunate to have my father and family, my coach, later in life; I have got a support system in the form of my wife Shailaja.”Though Laxman was one of the Indian players who performed at his best against the top international cricket team of his time, Australia, he also went through a rough time because of a bad patch and injuries.Recalling his early days in international cricket, the 44-years-old sportsman said: “In the first four years of my professional career I struggled very hard. I had expectations from myself, as did my parents, but things were not falling in place. I did not know how to cope up. I was so desperate to establish myself in international cricket.”The evening was graced by Sachin Tendulkar who also shared some of the amusing dressing room stories and praised Laxman on how he fought his difficult times on a tour of South Africa.“I think from the beginning I wanted to share my journey (in the book) as it is. There are very many challenges we international sports people face; in fact, I think everyone in all walks of life is facing problems in on a daily basis. It is important to address this and talk about it,” Laxman said.The book has been co-written by a veteran cricket writer R. Kaushik and captures the journey of the Hyderabad boy from his childhood, through his sports career and life after retirement from cricket in 2012. IANS Also Read: Sports Newslast_img read more

Cricket News Aiden Markram Achieves Silver Pair, Gets Out For Two-Ball Duck Twice In Pune Test

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Getting out for a duck is embarrasing for a batsman. Getting out for a pair, meaning duck in both innings of a Test match is the ultimate insult. In cricket, there are terms for pairs in cricket. There is a platinum pair, meaning out without facing a ball twice. There is a golden pair of king pair, meaning out first ball in both innings. However, South Africa batsman Aiden Markram suffered a silver pair, in which he was out for a two-ball duck twice in the Pune Test against India at the MCA stadium.In the first innings, Markram and Dean Elgar opened the batting after India had notched up 601/5 declared thanks to Virat Kohli’s record-breaking, unbeaten 254. After Elgar negotiated Ishant Sharma in the first over, it was Markram’s turn to face the music. After leaving the first ball from Umesh Yadav comfortably, the bowler responded with a full, sharp inswinging delivery that trapped him plumb in front. Markram did not even bother taking the review as the Proteas suffered an early jolt.However, South Africa were boosted by a record ninth-wicket partnership between Keshav Maharaj and Vernon Philander as South Africa reached 275 but India still enforced the follow-on as they were armed with a huge 326-run lead. South Africa came out to bat in the second innings on day 4 and this time, Markram was facing the first over from Ishant.The bowler got a delivery to nip back in close to the off stump with extra bounce as the batsman left the ball uneasily. However, on the second ball, Ishant got the ball to curve back in on middle and leg stump line and Markram played down the wrong line. India appealed and the umpire gave it out. Markram thought about taking a review but time ran out and he was dismissed for a silver pair in Tests. Also Read | Ravindra Jadeja’s Falls Hilariously While Appealing In Pune Test, Gets WarnedTo his horror, Markram realised that had he taken the review, he would have survived as the ball was bouncing over the stumps. Elgar, his opening partner, realised the mistake and South Africa continued to flounder. Markram’s struggles were a symbol of South Africa’s batting woes as India came closer to sealing the series.last_img read more

Pedro’s Surgery on Dislocated Shoulder Successful

first_imgChelsea forward Pedro has undergone successful surgery after dislocating his shoulder during his side’s FA Cup final loss to Arsenal.Pedro, 33, who came on as a second-half substitute, collided with Gunners goalkeeper Emiliano Martinez in the closing stages of the match at Wembley.The Spain forward is leaving the Blues after five yearsand is reportedly set to join Serie A side Roma. Chelsea winger Pedro “The surgery went well, I will be back soon,” Pedro wrote on Instagram.“It was a pity not to win the FA Cup. Thank you all for your support.”Chelsea are in Champions League action on Saturday as they look to overhaul a 3-0 deficit in the second leg of their last-16 tie at Bayern Munich.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Hogan says strong Tipp team is a statement of intent

first_imgTipp FM will bring you full live coverage of tomorrow’s game at Parnell Park in association with Lodge Security Nenagh with the pre-match build up beginning at quarter to two.Ken, who worked with the Tipp goalkeepers during last year’s season, is confident the Tipp team can come away with two points: https://soundcloud.com/tippfmradio/ken-hogan-previews-tipp-v-dublin The Tipperary Senior Hurlers will begin their league campaign tomorrow when they take on Dublin in Parnell Park. Eamon O’Shea has named a strong Tipp team to line out in tomorrow’s League opener. Seven All-Stars from last year all take their place amongst the starting fifteen, including a hurling league debut for Joe O’Dwyer from Killenaule.last_img read more

FA takes no action against Jose Mourinho over Eva Carneiro incident

first_imgChelsea manager Jose Mourinho will face no action after the Football Association cleared him of making discriminatory comments towards then club doctor Eva Carneiro.The pair had a fiery confrontation on the touchline towards the end of the Blues’ opening game of the season against Swansea, with Mourinho afterwards criticising Carneiro for going on to the pitch to treat Eden Hazard.Carneiro has since parted company with the club.There had been suggestions Mourinho had used abusive language towards Carneiro but the FA statement said they appointed an independent academic expert in Portuguese linguistics to analyse the footage of the incident which included the audio recording.”After receiving the report from the expert, The FA is satisfied that the words used do not constitute discriminatory language under FA Rules,” the FA said in a statement. “Furthermore, both the words used, as translated and analysed by the independent expert, and the video evidence, do not support the conclusion that the words were directed at any person in particular.”Consequently, on the evidence available to it, The FA will take no further action in relation to this matter.”Had he been found guilty Mourinho could have faced a five-game ban under FA rule E3 which states that players and coaches can be penalised for using “offensive, insulting or abusive language and/or gestures”.–Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more

What is the Meaning of Symbols on Jerseys of FC Zeljo?

first_imgFootball club Zeljeznicar unveiled three new sets of jerseys in which they will play matches in the upcoming season.In the design of the jersey for FC Zeljeznicar and creation of visual identity for the season 2016/2017 were engaged friends of the club, experts in design and marketing, who have been engaged in the realization of several projects that are important for FC Zeljeznicar through working groups.The design of new jerseys is simple and unique at the same time, and the basic elements are almost centuries-old symbols of the club, and the intention was to tell a unique story of FC Zeljeznicar through such a design, as announced from FC Zeljo.“Today’s symbol of Zeljeznicar is not only a symbol of the club but also a symbol of love, unity, defiance and therefore we proudly wear it on the chest. On the new jerseys, the symbol of Zeljeznicar ‘wings and wheels’ is always on a blue background, the color of working uniforms of railway men who founded our club, while the color of jersey exist in a couple of options. This application of a symbol stated that Zeljeznicar is always the same, true to itself, and that it never changes, regardless of the environment,” said graphic designer, Edin Beslic.On the jersey, with dominating wings on the chest, there are other details, symbols of the club. In the left lower part, on the front of the jersey is embroidered emblem of the locomotive, which should take the FC Zeljeznicar to new success, this time with the help of our new partners and sponsors from the company Diadora.Soon will be known more information about the date and price of jerseys. Jerseys will be presented tomorrow at a press conference in the Blue Room on the Grbavica Stadium, as stated from FC Zeljeznicar.(Source: klix.ba)last_img read more