Jakarta, CNBC Indonesia \u2014 BPI Danantara Indonesia says it has begun\ninvesting in the Indonesian stock market amid pressure on the Jakarta\nComposite Index (JCI) in recent weeks.<\/p>\n
Danantara Indonesia Chief Investment Officer Pandu Sjahrir said the\ncurrent market weakness presents an investment opportunity for the\nInvestment Management Agency (BPI). \u201cAs of yesterday, and today, we have\nstarted buying shares that we consider effective, and we will continue\nas long as the prices are attractive and the prospects are good,\u201d Pandu\nsaid at a Danantara Indonesia coffee morning in Jakarta on Thursday, 22\nOctober 2026.<\/p>\n
He said Danantara intends to increase its holdings in a number of\nstate-owned companies, taking into account their profit potential and\nthe balance between risk and return. State-owned company shares, he\nsaid, have sound fundamentals, promising growth prospects and attractive\nvaluations.<\/p>\n
Pandu added that the investments were already being executed and\nreflected Danantara\u2019s view of the prospects for state-owned companies\nlisted on the stock market. The investment focus, he said, would remain\non company fundamentals and potential returns.<\/p>\n
On its fund deployment strategy, Managing Director for Global\nRelations and Communications Pahala Mansury said the amount earmarked\nfor investment would be broadly similar to the funds Danantara had\nplaced in the previous period.<\/p>\n
\u201cWe do not pick stocks ourselves. We partner with other parties, who\nwill make decisions based on their professional judgement. We conduct\ndue diligence,\u201d Pahala said.<\/p>\n
The move comes as financial markets have faced growing pressure\nfollowing an announcement by MSCI about a possible change in the status\nof Indonesia\u2019s stock market from Emerging Market to Standalone\nMarket.<\/p>\n
The announcement on Friday, 16 October 2026, triggered a major\nsell-off on the Indonesia Stock Exchange (IDX). The JCI plunged by about\n11.6% in trading that day and came under further pressure on Monday, 19\nOctober.<\/p>\n
The JCI was back in positive territory midway through the first\ntrading session today. At 9.56am Jakarta time, it stood at 5,381.43, up\n53.07 points, or 1%, after falling by as much as 2% at the market\nopen.<\/p>\n
The developments coincided with a wave of share buy-backs by\nIDX-listed companies between October and December 2026. Some companies\nhave earmarked funds of up to trillions of rupiah for the corporate\nactions.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-says-it-has-bought-shares-as-the-jci-falls-1792648234", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }