IHSG Volatility: OJK’s Message to Investors

Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) has reminded capital-market investors to build resilience. Edi Broto Suwarno, head of OJK’s Securities Institutions Supervision Department, said resilient investors had invariably experienced losses in their investments.

“We have to stay resilient. Be a resilient investor,” Edi said in remarks at the Ring The Bell For Financial Literacy 2026 event at the Indonesia Stock Exchange building on Wednesday (14 October 2026).

He said share prices in the capital market could rise and fall as economic conditions and market sentiment changed. Investors therefore needed not only knowledge, but also the ability to manage their emotions and cope with risk.

“Do not rush to buy just because you see other people making gains; conversely, do not make panicked decisions when the market is falling,” Edi said.

In his view, a resilient investor is not someone who never suffers a loss, but someone able to understand risk, remain disciplined and make rational decisions.

Edi added that resilience could be built by setting clear investment goals. Investors should also prepare emergency funds, diversify and invest in line with their financial capacity and risk profile.

“What we need to build is not merely the courage to invest, but also the readiness to face the risks that come with investing,” Edi added.

For context, the Jakarta Composite Index (IHSG) has fallen 31.27% year to date. It briefly reached an all-time high of 9,174.47 in January.

Its market capitalisation currently stands at Rp10,452 trillion.

By comparison, the IHSG’s 2025 peak was 8,710.70 on 8 December 2025, when market capitalisation also reached a high of Rp16,000 trillion.

Compared with that 8 December 2025 peak, the IHSG’s market capitalisation has fallen by Rp5,548 trillion, or 34.68%, to Rp10,452 trillion.