Indonesian Finance Minister Remains Optimistic About IHSG Reaching 10,000 Despite Market Volatility

Jakarta – Despite recent market corrections, Indonesian Finance Minister Purbaya Yudhi Sadewa remains confident that the Composite Stock Price Index (IHSG) will reach 10,000 by the end of 2026. This optimism is rooted in the strength of the Indonesian economy, even amidst global geopolitical tensions.

IHSG Performance and Recent Corrections

As of Monday, March 16, 2026, the IHSG closed at 7,022.29, a 1.61% decrease, or 114.92 points. Year-to-date, the IHSG has fallen by 19.73%, and it has decreased by 15.50% over the past month. Antara News reported on these declines.

Minister Purbaya’s Optimistic Outlook

Minister Purbaya expressed his continued confidence, stating, “To the moon, tetap. 10,000 (at the end of the year) is still possible,” according to Antara News. He attributes this outlook to the improving prospects of the Indonesian economy compared to its regional peers and G20 nations.

Economic Fundamentals and Growth Potential

Purbaya believes Indonesia’s ability to achieve faster growth stems from its stable fiscal position and controlled budget deficit. “With the same capital, with a controlled deficit, we can create faster growth,” he stated. He emphasized Indonesia’s resilience, noting its experience navigating previous periods of high oil prices.

Investment Strategy During Market Volatility

Amidst the current market correction, Minister Purbaya advises investors to focus on fundamentally strong stocks. He encourages investors to view the current conditions as an opportunity to “serok” (buy up) shares of solid companies, emphasizing that “Our economic foundation is good.”

Geopolitical Factors and Economic Resilience

The Minister’s optimism comes despite the ongoing dynamics of the conflict between the United States and Iran, which have contributed to market weakness. Kompas reported that Purbaya remains optimistic despite these challenges.

Recent Statements and Continued Confidence

Purbaya reiterated his confidence on March 12, 2026, stating, “(IHSG) 10,000 at the end of the year, yes, be optimistic, don’t be afraid, our foundation (economy) is good.” IDX Channel reported this statement during a gathering with media leaders.

Despite the IHSG’s recent decline, Minister Purbaya’s consistent messaging underscores the Indonesian government’s belief in the nation’s economic strength and its potential for continued growth.