Finance Minister Purbaya Yudhi Sadewa has addressed the recent dip in the Jakarta Composite Index (IHSG), which briefly fell below the 6,000 mark during today’s opening session. Despite the volatility, Purbaya remains highly optimistic, projecting that the index will rebound to reach the 8,000 level.
Speaking at the State Palace on Friday (May 22), Purbaya emphasized that equity performance is inherently tied to corporate fundamentals and the broader health of the national economy. “It is achievable (the 8,000 level) because, ultimately, stock price movements are dictated by the underlying fundamentals of the companies themselves, which in turn are driven by the macroeconomic landscape,” he explained.
Purbaya believes that as economic growth strengthens, the profitability of companies listed on the stock exchange will naturally improve. He encouraged investors to remain calm, noting that the government is actively working to bolster the economy. “There is no need to fear the stock market. We are committed to improving the economy, and it is only a matter of time—and not much time at that—before the IHSG rebounds,” he added. He further noted that, based on current technical indicators, the market could see a significant recovery as early as next week.
Echoing this positive sentiment, Coordinating Minister for Economic Affairs Airlangga Hartarto also weighed in on the market movement. He dismissed speculation that the index’s decline was linked to the government’s newly established export agency.
“First, look at the fact that the IHSG turned green today. The previous decline was essentially a response to rating agencies adjusting their assessments of certain issuers. Such corrections are a natural part of market dynamics; it had nothing to do with the new export agency,” Airlangga clarified.
Summary
Finance Minister Purbaya Yudhi Sadewa remains optimistic about the Jakarta Composite Index (IHSG) despite its recent dip below the 6,000 level. He projects that the index will rebound to reach 8,000, driven by strong corporate fundamentals and an improving national macroeconomic landscape. Purbaya has urged investors to maintain confidence, noting that the government is actively working to strengthen the economy and expects a recovery to begin shortly.
Coordinating Minister for Economic Affairs Airlangga Hartarto supported this outlook, clarifying that the index’s decline was a natural market correction related to rating agency adjustments rather than the formation of a new export agency. He highlighted that the IHSG has already begun to show signs of recovery. Both officials emphasize that current volatility is temporary and aligned with standard market dynamics.