Danantara COO Says State-Owned Enterprise Shares Drive IHSG Rally on Monday Morning
Jakarta (ANTARA) - Head of the State-Owned Enterprises (SOE) Ministry and Chief Operating Officer of Danantara, Dony Oskaria, stated that shares of state-owned enterprises drove the strengthening of the Indonesia Composite Index (IHSG) at the start of trading today. “We are certainly grateful to all investors who have shown high confidence in our capital market. The significant strengthening of the IHSG, along with the rupiah’s appreciation, is a clear reflection that our SOEs are currently in their best position,” Dony said in an official statement confirmed by ANTARA from Jakarta on Monday.
According to data from the Indonesia Stock Exchange (BEI) at 09:10 WIB, the IHSG jumped more than 3.5 percent to 6,221.44. Shares of major banks, particularly members of the Association of State-Owned Banks (Himbara), were among the main pillars supporting the index’s rise. PT Bank Mandiri (Persero) Tbk (BMRI) led the gains, surging 210 points (5 percent) to Rp4,410 per share. It was followed by PT Bank Negara Indonesia Tbk (BBNI), which rose 210 points (5.9 percent) to Rp3,770 per share, while PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) soared 120 points (4.21 percent) to Rp2,970 per share.
Beyond the dominance of Himbara banks, SOE shares from the mining and telecommunications sectors also recorded positive performances. PT Timah Tbk (TINS) strengthened sharply by 260 points (7.88 percent), while PT Aneka Tambang Tbk (ANTM) rose 220 points (7.72 percent) to Rp3,070. Meanwhile, PT Telkom Indonesia Tbk (TLKM) increased by 80 points (2.80 percent).
Dony stated that this positive trend shown by the IHSG and SOE shares is a reflection of comprehensive transformation that has yielded positive results. 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 SOE performance, which is now much healthier, more efficient, and more profitable. Dony added that this positive track record across various strategic sectors is an important momentum. The current best-ever position of SOEs serves as a strong foundation to continue accelerating value creation while delivering promising returns for investors. “You can see the reports for yourselves. Whether in the banking, mining, infrastructure, or other SOE sectors, all have recorded very satisfactory results. This is proof that our SOEs are truly in their best position to continue soaring forward,” Dony said.