{
    "success": true,
    "data": {
        "id": 1704948,
        "msgid": "ihsg-suddenly-reverses-course-to-red-zone-this-morning-whats-happening-1777344751",
        "date": "2026-04-28 09:26:08",
        "title": "IHSG Suddenly Reverses Course to Red Zone This Morning, What's Happening?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Composite Stock Price Index (IHSG) opened positively but quickly reversed to a 0.73% decline amid profit-taking in Amman Mineral shares, mirroring corrections in major Asian markets. Finance Minister Purbaya Yudhi Sadewa expressed optimism for the IHSG to reach 28,000 by 2029-2030, driven by sustained economic expansion, high growth targets of 8%, and reforms in taxation and customs. This bullish outlook, coupled with increasing participation from young investors, underscores the government's commitment to accelerating infrastructure and economic programs under President Prabowo Subianto.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 The Composite Stock Price Index (IHSG)\nsuddenly reversed course to the red zone this morning, Tuesday\n(28\/4\/2026). The IHSG began trading with a rise of up to 0.5%. However,\nwithin 20 minutes of trading, the IHSG turned around and fell 51.59\npoints or -0.73% to the level of 7,054.93. The IHSG declined in line\nwith profit-taking action in Amman Mineral (AMMN) shares. Shares of the\nmining company owned by Agoes Projosasmito and Salim fell 2.78% to the\nlevel of 5,250. For information, in yesterday\u2019s trading, AMMN surged 8%\nto the level of 5,400. AMMN also acted as a guardian for the IHSG to\nprevent it from collapsing too deeply. This morning, AMMN shares became\nthe main drag on the IHSG with a weight of -3.8 points. Moreover,\nmarkets in the region are mostly experiencing corrections. Japan\u2019s\nNikkei Index fell 0.5%, HSI -0.26%, ASX 200 -0.51%. In contrast, the\nKospi in Korea rose 0.45%. Entering Tuesday\u2019s trading (28\/4\/2026),\nmarket participants in Indonesia will monitor several important\nsentiments from both domestic and international sources. Externally, the\nmain focus is on the Bank of Japan\u2019s (BOJ) interest rate decision, which\nwill be announced today. Meanwhile, domestically, market attention will\nbe directed towards developments in Indonesia\u2019s capital market, starting\nfrom the results of the Financial Services Authority (OJK) meeting with\nMSCI, the cabinet reshuffle of President Prabowo Subianto, to statements\nfrom Finance Minister Purbaya Yudhi Sadewa regarding the IHSG prospects\nand the government\u2019s economic growth target. Meanwhile, Finance Minister\nPurbaya Yudhi Sadewa provided prospects for Indonesia\u2019s economy and\nstock market. This statement was delivered at the Inauguration of the\nPlanned and Periodic Investment Programme (PINTAR) for Mutual Funds and\nthe Opening of Mutual Funds Week 2026 at the Indonesia Stock Exchange\n(BEI) Building, Monday (27\/4\/2026). Purbaya believes the Composite Stock\nPrice Index (IHSG) has the opportunity to break through the 28,000 level\nby 2029-2030. According to him, this projection is not impossible if\nIndonesia\u2019s economic expansion continues until the end of this decade.\n\u201cLet\u2019s say it\u2019s now 7,000. Our expansion will continue until 2029-2030.\nThat\u2019s what I say, it could be 4-5 times. It could reach 28,000 at\nworst. They say Purbaya is crazy,\u201d he said. Purbaya assessed that this\nprojection is not excessive. He compared it to the previous period, when\nthe IHSG was at the 400 level in 2002 and then rose to around 2,500 in\n2009. That means, during that period, the IHSG surged several times\nover. According to Purbaya, the opportunity for a significant rise in\nthe IHSG remains open if Indonesia\u2019s economic growth can be maintained\nhigh. He even previously believed the IHSG could reach the 10,000 level\nby the end of this year, although the financial markets are still\novershadowed by global uncertainties. This optimism is also linked to\nthe increasing participation of young investors in the capital market.\nPurbaya mentioned that investors from the Gen Z group have reached\naround 57%, thus becoming one of the long-term supports for capital\nmarket growth. On the same occasion, Purbaya also emphasised that the\ngovernment is serious about pursuing the 8% economic growth target by\n2029. According to him, the government has begun carrying out major\nreforms, including in the Directorate General of Taxes (DJP) and the\nDirectorate General of Customs and Excise. \u201cWhat we\u2019re running is not\nplaying around. The reforms we\u2019re fixing are real reforms. In the first\nthree months, my tax grew 20%, and it will be more later. Customs and\nexcise also have reforms, and the others we will reform quickly,\u201d said\nPurbaya. From the development spending side, Purbaya mentioned that\nPresident Prabowo Subianto has given significant room to the\nCoordinating Minister for Economic Affairs, Airlangga Hartarto, to\naccelerate development programmes, one of which is through the Task\nForce for Accelerating Strategic Government Programmes (Satgas P2SP).\nWith the acceleration of these programmes, Purbaya believes that 6%\neconomic growth is already within the government\u2019s reach. This figure is\nsaid to be the initial capital to pursue higher growth targets.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ihsg-suddenly-reverses-course-to-red-zone-this-morning-whats-happening-1777344751",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}