Flooring Guide by Cinvex — JAKARTA — High-ranking officials made a notable appearance at the Indonesia Stock Exchange (IDX) on Tuesday (May 19, 2026), as the Jakarta Composite Index (IHSG) continued its downward trend. Deputy Speaker of the House of Representatives Sufmi Dasco Ahmad was joined by Danantara CEO Rosan Roeslani, Head of the State-Owned Enterprises (BUMN) Agency and Danantara COO Dony Oskaria, and OJK Board of Commissioners Chair Friderica Widyasari Dewi.
The delegation arrived at approximately 10:30 AM WIB, just as the market struggled to find footing. By 9:25 AM, the IHSG had slipped 0.35% to 6,576.07. Market breadth was mixed, with 261 stocks advancing, 197 declining, and 501 remaining unchanged. While there has been no official statement regarding the purpose of the visit by the DPR leadership and Danantara executives, Friderica Widyasari Dewi remains based at the IDX offices.
IHSG Market Context: Tuesday’s trading activity remains overshadowed by expectations of a potential hike in the BI Rate.
The current weakness extends a broader correction seen earlier in the week. On Monday (May 18, 2026), the index dropped 1.85%, or 124.07 points, closing at 6,599.24. According to RTI Business data, the sell-off was widespread, with 616 stocks in the red against only 125 gainers. Daily transaction values reached Rp20.70 trillion, causing the total market capitalization to shrink to Rp11,562.86 trillion.
Market Performance: Regional benchmarks displayed mixed results. While China’s SSE Composite and Japan’s Nikkei 225 dipped by 0.09% and 0.97% respectively, Singapore’s Straits Times Index (STI) showed resilience, rising 0.15% to 4,996.75.
Jeffrey Hendrik, Acting President Director of the IDX, attributed the domestic slump to an accumulation of global market sentiments that developed while the local exchange was closed for the holiday. “If we account for the two days of corrections in Asian markets during our holiday, combined with today’s minor drop, the result aligns with the broader global trend,” Hendrik noted during his visit to the IDX building on Monday.
Amid high market volatility, Hendrik urged investors to avoid panic and refocus on fundamental analysis. “We consistently advise investors to remain attentive to company fundamentals, stay calm, and align their investment strategies with their specific risk profiles,” he emphasized. Addressing concerns that the market is reverting to pandemic-era lows, he highlighted that the foundation of Indonesia’s capital market is significantly stronger today, supported by a growing investor base that has reached 27 million participants.
Despite various uncertainties—ranging from commodity price fluctuations and Middle East geopolitical tensions to currency shifts—Hendrik assured that trading infrastructure remains stable, fair, and efficient. “We do not speculate on index figures. Our priority is ensuring that all transactions operate in an orderly and efficient manner, leaving the final valuation to market mechanisms,” he added.
The pressure on the IHSG is notable when compared to its peers. During the trading week of May 11–13, 2026, the index recorded the worst performance in Southeast Asia and the Asia-Pacific region, with a 3.53% correction to 6,723.32. This stands in stark contrast to the ASEAN region, where Singapore’s STI climbed 1.67% and the Thailand SET Index grew 1.13%.
The disparity is even more pronounced on a broader scale. While the IHSG struggled, South Korea’s KOSPI surged by 4.61%, and both the SSE Composite and the Nikkei 225 managed to hold their ground in positive territory with gains of 1.50% and 0.89%, respectively.
Summary
High-ranking officials, including Deputy Speaker Sufmi Dasco Ahmad, Danantara CEO Rosan Roeslani, and OJK official Friderica Widyasari Dewi, visited the Indonesia Stock Exchange (IDX) on May 19, 2026. This visit occurred amidst a continued decline in the Jakarta Composite Index (IHSG), which fell by 0.35% during morning trading following a significant 1.85% drop the previous day. While no official statement regarding the visit’s purpose was provided, the market remains pressured by expectations of a BI Rate hike and broader global economic sentiments.
IDX Acting President Director Jeffrey Hendrik attributed the domestic slump to regional corrections that occurred while local markets were closed for a holiday. He urged investors to remain calm, avoid panic, and focus on company fundamentals, noting that the exchange’s infrastructure remains robust despite current volatility. Despite the IHSG’s recent underperformance compared to other regional markets, officials maintain that the capital market foundation is significantly stronger today due to a substantially expanded investor base.