Heaptalk, Jakarta — Mirae Asset Sekuritas Indonesia officially introduced its mobile app, M-Stock, to facilitate users to invest and trade in the stock market (07/29). The company aims to increase the number of active investors in the capital market through this launch.
According to Tomi Taufan, Director of Mirae Asset, the launch of this app is expected to improve capital market investment literacy and the community’s financial well-being. Mirae Asset’s active investors account for more than 35%, far exceeding the industry average of around 20% of total stock investors and 9% of total capital market investors (stocks, bonds, and mutual funds).
“We hope the M-Stock app can complement the features in our previous app, Hots, facilitating customers to transact while increasing the number of active investors in the stock and capital markets,” said Tomi in a written statement (07/29).
Marking a new era in stock trading
In more detail, data from the Indonesia Stock Exchange demonstrates that as of May 2024, active stock investors reached 1,142,000, with 5,720,000 stock investors and 12,936,000 capital market investors. By the end of last year, Mirae Asset customers reached around 300,000, including approximately 30,000 mutual fund investors related to the company’s license as a Mutual Fund Selling Agent (APERD).
The launch of the M-Stock mobile app marks a new era in stock trading due to its user-friendly nature, which can reach and increase the number of investors and stock traders. The app is claimed to facilitate stock transactions, especially for new investors (newbies).
Furthermore, M-Stock is supported by information technology (IT), which is Mirae Asset’s strength, particularly in terms of interface, comprehensive features, and credible and complete transaction recommendations. The available stock recommendations come from trusted institutions, enabling customers and the public to confidently make transaction and investment decisions directly through this app.
“We hope M-Stock can be a positive IT disruption as it supports our goal of democratizing investment and expanding financial literacy. Thus, we can also help the community achieve financial stability and their investment goals, as they are currently vulnerable to the negative sides of IT disruption, primarily the misuse of online gambling and online loans,” Tomi concluded.
