Composite Index Falls, Purbaya Remains Optimistic: 10,000 Target Still Achievable

Jakarta – Indonesia’s Composite Stock Index (IHSG) has continued to experience correction since the beginning of 2026. Despite the downward movement in the stock market, Finance Minister Purbaya Yudhi Sadewa remained optimistic that the domestic stock index will strengthen again in the medium term.

Purbaya even stated that the IHSG still has the opportunity to break through the psychological level of 10,000. “To the moon, 10,000 is still achievable because the economy is performing well,” said Purbaya when met at the Office of the Coordinating Ministry for Economic Affairs on Monday (16 March 2026).

He assessed Indonesia’s current economic performance to be even better than several countries in the region. “Our economy will be different from our neighbouring countries. We are already number one in the G20, do you still not believe it?” he said.

Furthermore, according to Purbaya, Indonesia’s relatively sound fiscal position is an important foundation for supporting future economic growth. With the budget deficit remaining controlled, the government is considered to still have room to push for faster economic expansion. “With the same capital, with a controlled deficit, we can create faster growth,” said Purbaya.

Amid the stock market correction, he also reminded investors to remain selective in choosing shares. Purbaya advised investors to focus on stocks with strong company fundamentals. “Yes, choose good stocks to accumulate. Our economic foundation is solid,” he said.

He added that the Indonesian economy has faced several global pressures in the past, including spikes in global oil prices. However, this experience is considered to have equipped the government to maintain economic stability.