Daily Markup #661: Stockbit makes stock investing easy and accessible in Indonesia; 27% rise in investors recorded

Credit: Stockbit

Moving the needle bit by bit

  • At the end of November 2022, the number of stock investors in Indonesia reached 4.38 million, a 27% increase from 3.45 million investors at the end of 2021.
  • Part of this positive rise has been attributed to 500-backed stock investment app Stockbit, through the company’s educational and literacy efforts.
  • “Stockbit has brought various excellent features to investors, both beginners and experienced ones, in Indonesia so that they can invest professionally,” shared Stockbit’s Head of Product Marketing, Vania Valeriana.
  • Apart from Stockbit Stream, the country’s largest social forum for investors and stock traders in Indonesia, the app’s ‘screener’ feature allows users to look up stocks based on preset personal criteria, follow certain brokers on a real-time basis, order IPO stocks online, and it even supports investors who are busy during stock trading hours with its ‘auto order’ feature.
  • Through this function, investors can activate ‘auto-buy’ and ‘auto-sell’, allowing them to buy stocks at a predetermined price and sell stocks for a certain target price.
  • Read the full story here.

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