Jakarta Stock Exchange Index Predicted to Rebound, Investor Growth as Support

Jakarta — Anita Kesia Zonebia, an economist analyst at the Indonesia Stock Exchange (BEI), believes the weakness in the Composite Stock Price Index (IHSG) at the beginning of 2026 is only temporary. Going forward, the IHSG is expected to have the potential to strengthen again, and there is even a possibility it could breach the 10,000 level, supported by domestic economic conditions that are still considered solid.

“If we’re being optimistic, we should certainly be optimistic. Because as we have already experienced, in 2018 there was the first trade war, then in 2020 the Covid-19 pandemic occurred. We can see that volatility can indeed happen, but it is usually only in the short to medium term, not in the long term,” Anita stated on Friday, 13 March 2026.

Anita explained that optimism regarding IHSG strengthening is driven by relatively stable domestic economic conditions and solid fundamentals of listed companies and issuers. Additionally, the growth in the number of investors in the capital market continues to increase.

“The IHSG in my view still has potential to rise in the future. This is supported by relatively solid economic fundamentals, then the performance of listed companies that remains good, as well as quite high investor growth. That is what can support IHSG growth going forward,” she explained.

At the beginning of 2026, the IHSG recorded an all-time high (ATH) at 9,134.7 on 20 January 2026. However, after that the index underwent a significant correction to around the 7,000s range due to several external sentiments.

The weakening of the IHSG was partly triggered by an announcement from Morgan Stanley Capital International (MSCI) which froze the rebalancing process for Indonesian stocks on 28 January 2026.