Finance Minister Confident IHSG Will Breach 10,000 in 2026, Citing Strong Economic Foundations

Jakarta – Finance Minister Purbaya Yudhi Sadewa has expressed confidence that the Indonesia Stock Exchange Composite Index (IHSG) will be able to breach the 10,000 level by 2026, despite recent market weakness resulting from dynamics of the United States-Iran conflict.

“To the moon, it’s still on. 10,000 (by year-end) is still achievable,” said Purbaya at the office of the Coordinating Ministry for Economic Affairs in Jakarta on Monday, 16 March 2026.

He expressed confidence that the IHSG level can be achieved as Indonesia’s economic prospects improve, particularly when compared with neighbouring countries or other G20 member nations.

“With the same capital, with a controlled deficit, we can create faster growth. That’s already very strong,” he said.

Purbaya urged the public not to worry about domestic economic prospects, and assessed that current market conditions can be leveraged by investors to snap up stocks with strong fundamentals.

“Our economic foundation is solid. We have experienced high oil prices multiple times before, as I explained at the Palace yesterday (during the plenary cabinet session at the State Palace),” said Purbaya.

“The knowledge has not disappeared; it’s still in our minds. So we (Indonesia’s economy) should survive,” he added.

On Monday afternoon, 16 March 2026, the IHSG closed weaker, down 114.92 points or 1.61 per cent to 7,022.29. The IHSG decline was recorded at 19.73 per cent year-to-date and 15.50 per cent over the past month.

After opening weaker on Monday morning, the IHSG remained in negative territory throughout the first trading session. During the second session, the IHSG remained in the red until the close of trading.