PT Trimegah opens Semarang outlet

PT Trimegah opens Semarang outlet

SEMARANG (JP): Local securities house PT Trimegah Securities
officially opened a branch office here yesterday to tap the
growing number of local investors in the city.

The president of the firm Avy G Dwipayana said that the
prospect of stock trading in Semarang and other cities was
improving with the increase in the number of local investors.

There are only two stock exchanges in Indonesia, one in
Jakarta and one in Surabaya. But investors in other cities can
buy or sell stocks listed on the two stock exchanges through a
remote-trading system.

Avy said that Trimegah would also open other dealing outlets
in Yogyakarta, Surakarta in Central Java, Surabaya in East Java
and in Medan, North Sumatra in the coming months.

He said that the new dealing outlet in Semarang was expected
to record a daily transaction of between Rp 4 billion (US$1
million) and Rp 5 billion.

"I think our outlet in Semarang can reach the target because
stock retail investors in Semarang have a high appreciation about
the stock market compared to retail investors in Surabaya for
example," he said.

Trimegah's dealing outlet in Semarang was officially opened by
Semarang Mayor Soetrisno Soeharto and head of the transactions
and trading bureau of Bapepam Arys Ilyas yesterday.

Trimegah Securities is one of the local private securities
houses which has grown rapidly over the past few months.
(har/aly)