OJK Deems IHSG Correction Still Reasonable Following MSCI Announcement

Executive Head of Capital Market, Financial Derivatives, and Carbon Exchange Supervision at the Financial Services Authority (OJK), Hasan Fawzi, considers the correction in the Composite Stock Price Index (IHSG) to still be within reasonable limits following the announcement of the Morgan Stanley Capital International (MSCI) index adjustment results. “Even looking at the stocks affected, none have experienced, for example, lower auto rejection or touching the lowest permitted price today,” Hasan stated during a press conference at the Indonesia Stock Exchange in Jakarta on Wednesday, 13 May 2026. He also mentioned that the average transaction value, volume, and frequency remain quite good. On trading Wednesday, 13 May 2026, the IHSG opened at 6,763. It then weakened by 1.81 percent to 6,734.5 at the close of the first session. Transaction volume reached 26.1 billion shares with a value of Rp10.27 trillion, while transaction frequency hit 1.47 million times. According to Hasan, this condition indicates no panic-selling reaction or one-sided selling of shares en masse by investors. He also said that with the global dynamics occurring today, Indonesia’s stock price-to-earnings ratio (PER) has declined since the IHSG reached its all-time high in January 2026. Hasan noted that Indonesia’s stock PER is currently around 16 times, below the average of other countries’ exchanges. “So this also shows that we hope investors will selectively utilise this momentum to enter the market and choose the best stocks that prospectively can continue to improve performance in the times ahead,” he stated.