Despite 3% Drop, Purbaya Remains Confident IHSG Will Reach 10,000 This Year

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa is confident that the Composite Stock Price Index (IHSG) will still manage to reach the 10,000 level this year. He stressed that over time, the IHSG will quickly recover even though its current movements remain highly volatile, impacted by negative sentiment from the strained global economic conditions due to the war in the Middle East and rising energy commodity prices. “It can happen. It’s still just fluctuating. If the economy is good, it will rise quickly,” Purbaya said at the BPPK Building in Jakarta on Friday (24/4/2026). Therefore, he emphasised that the government’s current focus is to maintain the resilience of the Indonesian economy against the onslaught of global economic uncertainty. When the economy is able to maintain a rapid growth trend, he is convinced that the IHSG will automatically be pulled upwards. “If the economy is good, it will rise quickly. That’s why my focus is to maintain that. Not to maintain the IHSG. Because the IHSG will automatically adjust to the economic fundamentals,” he asserted. As is known, the IHSG plummeted today, Friday (24/4/2026). The index closed down 3.38% or -249.49 points at 7,129.49. Throughout the day, the IHSG moved in the red zone and briefly touched the green zone with a range of 7,115.97-7,383.4. The majority, or 701 stocks, fell. Only 92 rose and the remaining 166 were unchanged. Today’s transaction value was quite busy, reaching Rp 24.3 trillion, involving 44.8 billion shares in 2.66 million transactions. Market capitalisation also plunged to Rp 12,736 trillion.