OJK Responds to IHSG Plunge of 16.91 Percent

The Executive Head of Capital Market Supervisory, Financial Derivatives, and Carbon Exchange at the Financial Services Authority (OJK), Hasan Fawzi, stated that Indonesia’s capital market is undergoing dynamic movements with considerable volatility in recent times. This situation aligns with geopolitical pressures as well as escalating domestic and global conditions. “If we look at the Composite Stock Price Index (IHSG) as of 1 April 2026, it stood at 7,184.44, having experienced a correction of 16.91 percent year-to-date,” said Hasan at the Indonesia Stock Exchange office on Thursday, 2 April 2026. According to him, this condition is not unique to Indonesia but is also being felt by nearly all exchanges in the regional and global arenas. This reflects external dynamics rather than solely a response to domestic fundamental conditions. Amid this situation, he said, OJK continues to monitor market developments daily to gauge investor reactions. Hasan assured that the resilience or durability of the domestic market remains maintained so far. He explained that stock transaction activities, for example, continue to show solid figures. Throughout March 2026, the average daily transaction value was recorded at Rp20.66 trillion. Market liquidity is also deemed stable, as reflected in the bid-ask spread range at a relatively good level of 1.55 times. The mutual fund industry is also still recording growth amid the volatile market conditions. Mutual fund net asset values (NAB) reached Rp695.71 trillion, up 3.02 percent year-to-date. In addition, the capital market continues to function as a funding source for corporations. Up to the end of March 2026, total corporate fundraising in the capital market has reached Rp51.96 trillion.