Amid the pressure on the Jakarta Composite Index (IHSG), the presence\nof DPR Deputy Speaker Sufmi Dasco Ahmad and the Danantara energy of\ninvestment group at the Indonesia Stock Exchange (BEI) has been viewed\nas a signal of state backing for the capital market in the face of the\nindex\u2019s weakness. Dasco visited BEI on Tuesday (19 May) together with\nDanantara CEO Rosan Roeslani and COO Dony Oskaria. They were welcomed by\nOJK Chairman Friderica Widyasari Dewi and BEI board members. In the\nmeeting, several concrete steps to maintain confidence among global\ninvestors and domestic retail investors were discussed amid stock-market\npressure and a depreciating rupiah.<\/p>\n
Ani from the GREAT Institute said that linking the IHSG weakness to\nDasco\u2019s visit is a misinterpretation; the market had been under pressure\nsince the trading day began, even before the group\u2019s arrival. \u201cThe\nmarket was under pressure even before the group arrived at BEI, so it is\nnot accurate to attribute today\u2019s IHSG weakness to Mr.\u00a0Dasco\u2019s visit,\u201d\nAni said. She added that the presence of lawmakers, OJK, and Danantara\nis intended to reinforce optimism and confidence in Indonesia\u2019s capital\nmarket.<\/p>\n
According to GREAT Institute notes, the IHSG opened at 6,599 and\nbriefly fell to around 6,565 before closing at 6,370, down 3.46% from\nthe previous day. Ani explained three main factors behind the domestic\nstock-market decline: first, the MSCI rebalancing removing several\nIndonesian-emitted stocks from the standard\/global index and small-cap\nindex due to ownership concentration and transparency issues; secondly,\nFTSE Russell announced the removal of certain Indonesian shares with\nhigh ownership concentration, delaying full index re-ranking and the\naddition of new Indonesian stocks until September 2026; and third,\nmacroeconomic weaknesses, including the rupiah\u2019s depreciation beyond\nRp17,700 per US dollar on 19 May 2026. Negative sentiment also stemmed\nfrom the one-door export policy debate in the Ministry of Energy and\nMineral Resources (ESDM).<\/p>\n
In this context, Ani noted that the attendance of government\nofficials at BEI is important to strengthen market perception of\ngovernment coordination and seriousness in maintaining economic\nstability. \u201cThe presence of the DPR leadership, OJK, and Danantara at\nBEI sends a message that the government and authorities are not\nneglecting market pressures,\u201d Ani said. The GREAT Institute also viewed\nDasco\u2019s post-visit statements as constructive, with Dasco optimistic\nthat Indonesia\u2019s capital market will become stronger supported by rising\nretail-investor participation, solid economic fundamentals, and\nregulatory improvements to enhance domestic investors\u2019 comfort.<\/p>\n
Going forward, the GREAT Institute encourages the government, OJK,\nand BEI to accelerate capital-market reform, including greater\ntransparency of share ownership, realignment of free-float rules, and\nstrengthening market credibility to boost Indonesia\u2019s competitiveness in\nthe eyes of global investors.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/amid-ihsg-pressure-dasco-and-danantaras-presence-deemed-strategic-1779545562", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }