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)