Danantara Chief: State-Owned Enterprise Shares Lead Significant IHSG Rally

The Jakarta Composite Index (IHSG) opened up 111 points, or 1.85 percent, at 6,118 at the start of trading on Friday, 12 June 2026. Shares of state-owned enterprises (BUMN) were observed leading the IHSG rally. Head of BP BUMN and Danantara COO Dony Oskaria stated that the positive trend shown by the IHSG and BUMN shares reflects a comprehensive transformation that is yielding positive results. He asserted that state-owned companies are now at their peak performance. “We certainly thank all investors who have shown high confidence in our capital market. The significantly strengthening IHSG performance, including the rupiah’s appreciation, is a clear reflection that our BUMN are currently in their best position,” Dony said in a statement on Monday, 15 June 2026. Data from the Indonesia Stock Exchange (BEI) at 09:10 WIB recorded the IHSG jumping more than 3.5 percent to 6,221. The main engine driving the morning’s rally came from the ranks of state-owned banking shares (Himbara). PT Bank Mandiri (Persero) Tbk (BMRI) led the gains with a rise of 210 points (5 percent) to Rp 4,410 per share. Following suit, shares of PT Bank Negara Indonesia Tbk (BBNI) rose 210 points (5.9 percent) to Rp 3,770 per share, while PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) soared 120 points (4.21 percent) to Rp 2,970 per share. Beyond the dominance of Himbara, BUMN shares from the mining and telecommunications sectors also posted positive results. PT Timah Tbk (TINS) sharply strengthened by 260 points (7.88 percent), PT Aneka Tambang Tbk (ANTM) gained 220 points (7.72 percent) to Rp 3,070, and PT Telkom Indonesia Tbk (TLKM) rose 80 points (2.80 percent). According to Dony, although short-term market movements are often coloured by dynamics and momentary sentiment, investors will ultimately remain rational in viewing the reality of BUMN performance, which is now much healthier, more efficient, and more profitable. “Of course, there are issues and sentiments that have quite an influence, but in the end, all investors will see clear evidence that our state-owned companies are recording achievements in the most optimal position,” he said. Dony added that this positive track record across various strategic sectors is an important momentum. The current best position of BUMN serves as a strong foundation to continue accelerating value creation while providing promising returns for investors.