Norman Harsono (The Jakarta Post)
Tue, December 28, 2021
The technology industry emerged as the key driving force for the Indonesian stock exchange this year, fueled by a digital economy euphoria in the course of the COVID-19 pandemic.
Indonesia Stock Exchange (IDX) data show that tech stocks were among the biggest gainers, that the technology subindex IDXTECHNO saw the strongest rally and that a tech company conducted the biggest initial public offering (IPO) this year – and in IDX history.
“There is a trend abroad, in the United States and in Europe, where technology stocks are blooming, and [Indonesia] has begun to see that too in 2021,” IDX president director Inarno Djajadi said on Dec. 9.
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