IDX asserts market fundamentals remain solid despite 3-4% JCI correction
The fundamentals of our market are currently in good condition.
Jakarta (ANTARA) - The Indonesia Stock Exchange (IDX) has asserted that capital market fundamentals remain solid amidst the Jakarta Composite Index (JCI) experiencing a correction of 3-4 per cent over the last two days.
During Wednesday’s trading (3/6), the JCI closed lower by 4.11 per cent, dropping 254.36 points from an opening of 6,207.10 to a close of 5,941.07. The correction continued on Thursday (4/6) through the first session with a decline of 3.48 per cent. However, by the end of Thursday’s trading, the JCI’s decline was more limited, closing down by 1.70 per cent.
“Our market fundamentals are currently in good condition,” said the Acting President Director of IDX, Jeffrey Hendrik, at the IDX in Jakarta on Thursday.
Furthermore, Jeffrey explained that based on the financial reports of issuers as of the end of 2025, all listed companies recorded profit growth of more than 21 per cent.
Meanwhile, in the first quarter of 2026 compared to the same period in the previous year, particularly for stocks within the LQ45 index, net profit growth was recorded at almost 30 per cent, specifically 29.9 per cent.
Additionally, regarding profit distribution, approximately 80 per cent of companies recorded net profits in the first quarter of 2026. According to Jeffrey, this figure is the highest in the last five years.
By comparison, he noted that in 2020, only 63 per cent of listed companies recorded net profits, while during the 2021-2025 period, the figure ranged between 73-76 per cent of companies recording profits.
“This certainly demonstrates that the fundamentals of our listed companies are currently in good condition. This can certainly serve as a basis for investors to make decisions,” said Jeffrey.
Responding to issues regarding market confidence amidst the JCI correction, Jeffrey emphasised that various steps taken in capital market reforms are intended to strengthen investor confidence.
“By increasing transparency, improving data granularity, and providing information regarding high shareholding concentration, all of these are our efforts to restore investor confidence in our market,” he said.
Regarding policy, Jeffrey added that several provisions agreed upon last year remain in effect, such as the share buyback policy without requiring a General Meeting of Shareholders (GMS) and the postponement of short selling implementation.
On this occasion, he also reminded investors to make investment decisions rationally, pay attention to fundamentals, and align with their respective risk profiles.
“We will never tire of reminding investors to make rational investment decisions, pay attention to fundamentals, and invest according to their individual risk profiles,” said Jeffrey.