Finance Minister Confident IHSG Will Continue Upward, Purbaya Recommends Selective Stock Selection

Jakarta — Finance Minister Purbaya Yudhi Sadewa has reminded investors in Indonesia’s capital market to remain selective when choosing stocks amidst fluctuations in the Composite Stock Price Index (IHSG). He specifically recommends stocks with sound fundamentals and warns against speculative stocks.

“Choose good stocks to accumulate. Our economic foundation is strong,” said Purbaya when met at the Coordinating Ministry for Economic Affairs office on Monday, 16 March 2026.

The IHSG has continued to decline since the beginning of 2026. At the close of trading on Monday, 16 March 2026, the IHSG fell by 114.92 points or 1.61 per cent to the level of 7,022.29.

Despite the continued correction, Purbaya remains optimistic that Indonesia’s stock market will recover. He even believes the index has potential to reach the 10,000 level.

“To the moon, 10,000 is still achievable because the economy is indeed strong,” said Purbaya.

Purbaya emphasised that this optimism is based on the strong fundamental condition of the national economy. He even stated that Indonesia’s current economic performance is better compared to several neighbouring countries.

“Our economy will be different from our neighbouring countries — we are already number one in the G20, do you still not believe it?” said Purbaya to journalists.

Furthermore, with fiscal deficits remaining under control, according to him, Indonesia still has room to drive faster economic growth.

“With the same capital and controlled deficits, we can create faster growth — that is already quite impressive,” he said.