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Numerous neophyte investors in the Indonesia Stock Exchange this year are discovering painfully that sound research beats the casino approach.    © AFP/Jiji
Market Spotlight

Indonesia's novice investors get burned by frequent IPO reversals

One million people have started trading this year, causing dizzy share prices

SHOTARO TANI, Nikkei staff writer | Indonesia

JAKARTA -- Novice investors crowding into the Indonesian stock market have had baptisms of fire after a number of hot initial public offerings, including the e-commerce group Bukalapak, crashed below their early trading prices.

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