IHSG Dented by Sentiment Over DSI Formation, Rosan: Investment Approach Is Long-Term

Jakarta — Danantara Indonesia Chief Executive Officer Rosan Roeslani said the group would focus on long-term investment targets after the IHSG was affected by sentiment around the establishment of a state-owned enterprise (BUMN) for export. ‘When it comes to investment, we view it in a long-term perspective,’ Rosan said in Jakarta on Thursday, 21 May 2026. He argued that the recent IHSG correction was driven by more than a single sentiment. Generally, the capital market is still under pressure following MSCI’s decision to remove six Indonesian stocks from the MSCI Global Standard Index. Nonetheless, Rosan affirmed that Indonesia’s economy has solid fundamentals. Moreover, Himbara banks have performed solidly with yields around 10-11%. ‘There are technical factors and perceptions, but if we look at the fundamentals, God willing the fundamentals of the Indonesian economy are good. The perceptions in the market are also under pressure. The important thing in the medium to long term, in the long run, will be good,’ he said. It is known that on Thursday afternoon, the IHSG closed down 223.56 points or 3.54% to 6,094.94. The centralization of commodity exports by BUMN exporters was cited as a major sentiment dragging the IHSG. Domestic and foreign market players responded to the plan to publish a Government Regulation on the Governance of Export of Natural Resource Commodities (SDA), including provisions regarding BUMN as the sole exporter for several strategic commodities. Market participants also responded to the formation of PT Danantara Sumberdaya Indonesia (DSI) as a BUMN dedicated to export in the natural resource sector. PT DSI is directly under the Danantara Investment Management Agency (BPI) Danantara, with its main task to strengthen the governance of export of several strategic commodities, such as palm oil (CPO), coal, and ferro alloy. One reason for forming a BUMN dedicated to export is the alleged practice of underinvoicing exports of commodities that is said to have harmed the state up to Rp15,400 trillion over 34 years. (Antara).