Jakarta (ANTARA) - Finance Minister Purbability Yudhi Sadewa is\noptimistic that the Indonesia Stock Exchange (IDX) is capable of\nrebounding, supported by the solid fundamentals of the economy. \u201cI am\nconfident (the IDX) will rise again because the economic foundation is\ngood,\u201d Purbaya told reporters at the Parliament Complex, Jakarta, on\nWednesday.<\/p>\n
The state treasurer did not set a specific target level for the IDX\nthis year. However, he noted that various economic indicators could\ndrive the IDX back into positive territory. One such indicator is the\ninflation rate in May 2026, which stood at 3.08 per cent year-on-year,\nremaining within Bank Indonesia\u2019s target range of 2.5 per cent plus or\nminus 1 per cent.<\/p>\n
Purbaya assessed that the current volatility in the IDX is a result\nof short-term concerns influenced by negative domestic issues. He\nargued, however, that domestic demand continues to show stable\nperformance. He believes public purchasing power remains strong, as\nevidenced by high levels of public activity in both Jakarta and regional\nareas, as well as demand for tertiary needs, such as entertainment\nvenues and hotels.<\/p>\n
Strong economic performance is also reflected in tax revenue\nrealisation. The Ministry of Finance reported that tax revenue reached\nRp646.3 trillion as of 30 April 2026, a 16.1 per cent increase compared\nto last year\u2019s realisation of Rp556.9 trillion.<\/p>\n
\u201cDo not be afraid. The economic fundamentals are good. This may just\nbe short-term fear. The economic foundation is good; there are no\nproblems,\u201d said Purbaya. He also ensured that he would maintain economic\nperformance and keep market sentiment stable.<\/p>\n
The IDX closed lower on Wednesday afternoon by 254.36 points, or 4.11\nper cent, to the 5,941.07 level. Meanwhile, the LQ45 index, comprising\n45 blue-chip stocks, fell by 30.28 points, or 4.89 per cent, to\n588.99.<\/p>\n
Liza Camelia Suryanata, Head of Research at Kiwoom Sekuritas, stated\nthat the IDX sentiment is driven by investors closely monitoring\nIndonesia\u2019s governance and policy credibility. Liza explained that there\nare at least five main concerns dominating investor sentiment, including\ngovernance and policy credibility following negative outlooks from\nMoody\u2019s and Fitch Ratings, and pressure on the Rupiah exchange rate\napproaching the Rp18,000 per US dollar level. Other factors include the\nshrinking middle class, which has traditionally been the engine of\ndomestic consumption, ongoing foreign outflows, and, most significantly\nof late, the increased risk regarding leadership and policy\ncommunication in the eyes of global investors.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/finance-minister-confident-of-idx-rebound-due-to-solid-economic-fundamentals-1780843421", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }