Jakarta,CNBC Indonesia – Even though the Composite Stock Price Index (IHSG) is in a weakening trend,Finance Minister Purbaya Yudhi Sadewa is optimistic that by the end of the year it will reach the 9,000 level.
“What is clear is that by the end of the year it coudl be 9,000. It’s not that difficult.Once they know that the program I am running is really being implemented correctly, the foundation of the economy will move, changing to what it was at that time,” saeid Purbaya at the Ministry of Public Works Office, Jakarta, Friday (17/10/2025).
Purbaya again expressed confidence that the IHSG would be able to reach 35,000 in 2035.
Previously he had explained that his calculations where based on the historical business cycle in Indonesia.In 2001, the IHSG was at the 300 level, then rose to 2,500 in 2008. It fell during the 2008 crisis and rose again to 6,500 in 2018.
“If I learn from our business cycle of 7 years,8 years,10 years,from the start it starts to rise until the end of the cycle,it only happens 4 to 6 times,” he explained in an interview with CNBC Indonesia TV,in Squawk Box,quoted Monday (13/10/2025).
Meanwhile, IHSG collapsed today, Friday (17/10/2025).the index fell 209.1 points or 2.57% to 7,915.66 with the majority of shares in the red zone.
A total of 617 shares fell, 204 did not move, and only 135 rose. The transaction value was relatively large, reaching IDR 27.95 trillion and involving 39.2 billion shares in 2.66 million transactions.
Market capitalization also fell to IDR 14,746 trillion. Thus throughout this week IDR 814 trillion in funds evaporated from the stock market.
quoting Refinitiv, energy and utilities were the sectors that…
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